XIAMEN, China, March 29, 2018 /PRNewswire/ -- Tech Valley, the
big data technology and application service provider, today
announced that it has raised over $3.19
million in its A-round financing.
This landmark round was jointly led by CRRC-Times Fund, a
venture capital fund company affiliated to CRRC, and Green Pine
Colorful Dream owned by Green Pine Capital Partners.
In 2018, Tech Valley expects to surpass $10 million in
revenue and $16 million in
2019.
Intelligent traffic big data center. The investment also
aims to build an intelligent traffic big data center, improving the
travel experience of rail transit, increasing corporate profits and
guaranteeing passenger safety.
China's leading enterprise
in intelligent transportation. Tech Valley is the leading
enterprise in intelligent transportation in China. The company applies artificial
intelligence (AI) and big data to transportation area and comes up
with corresponding solutions. The team boasts abundant industrial
resources and boasts a profound experience in fundamental
techniques.
Technical innovation practice. Tech Valley has focused on
developing new technology and building a team of excellent talents
and has gained remarkable results. Together with Hong Kong-listed software provider Chinasoft
International Ltd, Tech Valley has implemented the co-education
project of the Ministry of Education through industry-academy
cooperation, to cultivate professional talents in the areas of big
data and AI.
AI and big data assets. In the areas of AI and big data,
Tech Valley has earned more than 10 patents and 50 software
copyrights.
Product innovation. Tech Valley developed the
"transportation and travel brain,"
applying a great deal of data to automatically generate various
labels of high accuracy, make predictions and establish models
through multiple intelligent agents. Meanwhile, the brain will
imitate how people think by transfer learning.
Optimization and linkage. The transportation and travel
service that is developed by
Tech Valley can be optimized and linked up for every single
procedure and all kinds of scenarios. Its implementation has
covered various user scenarios such as the traveler big data
analysis in civil aviation and railway, helping clients fulfill all-channel
personalized service, and offering
predictable user experience and targeted marketing.
The transportation and travel service can also be applied in
safety guarantee, monitoring and warning, and expanded to Internet
of Things.
Strategic alliances. Being a dynamic player, Tech Valley
has forged strategic partnerships
with many enterprises and government organizations in the areas of
aviation, railroad, urban transportation and public safety. Its
alliances include Aviation Industry Corporation of China, China Aerospace Science and Industry
Corporation, China Railway, TravelSky, UnionPay, CAAC, Tencent, Amazon, Huawei, ZTE, Inspur, Chinasoft
International, Microsoft and Ctrip.
In 2018, China's central
government plans to invest 732 billion
yuan ($116.57 billion) in
railroads and 1.8 trillion yuan in
public roads and water freight.
In the new era for the transportation and travel industry, Tech
Valley continues to focus on transportation and travel big data as
well as AI. The firm has already taken the initiative to develop in
the industry, with confidence to accelerate its development.
For this financing, Doctor Chen
Sien, founder and CEO of Tech Valley, said, "Tech Valley
provides fundamental, prospective, and strategic technology for the
key areas and industries of economic and social development.
Through AI + big data, Tech Valley builds both the management
ecosystem for transportation and travel service, such as the safety
system of airports,
railways, subways, and the service system for aviation
companies, OTA fine management, plus the best intelligent dispatch
system for civil aviation and railroad. Tech Valley has become the
pioneering unicorn company leading the transformation of the
transportation industry, including civil aviation and
railroads."
Dr. Wang Peng, president of
CRRC-Times Fund and assistant general manager of CRRC Zhuzhou,
said, "'Connect the World,
Benefit the Human Race' is the
mission and vision of CRRC. CRRC-Times Fund has long been looking
for potential investment opportunities of intelligent travel and
firmly believes that big data and
AI and their application will make
people travel smart in the future. The layout of Tech Valley in the
data service aviation and rail transportation is well-arranged. A
big data service platform has been provided. In real scenarios and
data application, Tech Valley has shown some outstanding
advantages. We believe that Tech Valley will be the leading and
pioneering enterprise in intelligent transportation and travel
service in China. CRRC-Times Fund
is also looking forward to mutual growth with Tech Valley."
Yang Jinye, co-founder of Green Pine Colorful Dream owned by
Green Pine Capital Partners, said, "The entrepreneurial team of
Tech Valley is made up of professionals and experienced experts in
the areas of big data and aviation. With their industrial resources
in transportation and travel, the company provides solutions
integrating big data and AI. It has already gained the acknowledgment from major domestic aviation
and railway clients. Now, it is going global. We hope to make more
contribution in terms of industrial cooperation and resource
allocation, to grow together as a team."
About Tech Valley
Tech Valley focuses on the big data technology and application
service. We Integrate the reliable data of airlines, airports, as
well as operators, and provide data integration service model,
which based on the hybrid cloud. We also create a data analysis
system based on large scale graph mining and provide the
passengers' portraits and precise marketing scene design for
airlines and related industries.
The big data platform and products that developed by Tech Valley
have been successfully applied in several domestic airlines and
airports already. In the further development of cloud computing,
big data together with mobile internet, Tech Valley will always be
committed to sustainable innovation of big data technology and
service, creating excellent brand of big data in the field of civil
aviation, and gradually becoming a global leader in the technology
and application of big data.
For more information please visit:
http://www.techvalley.com.cn/en-index.aspx?lang=en
About CRRC-Times Fund
CRRC-Times Fund was established by Zhuzhou CRRC Times Investment
Co., Ltd, with a registered capital of 100
million yuan and the investment capacity up to 1 billion yuan. As the professional investment
vehicle of CRRC, the fund is the very critical platform that
combines the operation of capital and management of asset. It
provides services including equity investment, fund management,
financing guarantee, and management consulting.
About Green Pine Colorful Dream
Green Pine Colorful Dream was founded in June 2015 by Shenzhen Green Pine Dream Investment
and Management Co., Ltd which was jointly initiated by Shenzhen
Green Pine Capital Partners Co. Ltd and Shenzhen Landray Software
Co., Ltd. Green Pine Colorful Dream exclusively forces on the
investment in startups that are engaged in enterprise-oriented
services, big data and artificial intelligence. With rich
experiences and pervasive networks in areas of enterprise-oriented
services, chip design and manufacturing, IT architecture,
manufacturing and supply chains, the team is dedicated to providing
entrepreneurs with a full range of services of venture capital
investment and mentoring.
For Media Inquiries:
Tina Lee
Tech Valley
+86-180-3023-3926
techvalley@techvalley.com.cn
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SOURCE Tech Valley (Xiamen)
Information Technology Co.,Ltd