ONES.AI Completes C Round of Financing, Nears $100 Million Total Financing Within Six Months

Shenzhen-based Chinese technology company ONES.AI, which focuses on enterprise-level R&D project management systems, announced on Wednesday that it had completed a C round of financing worth $50 million. Just recently, at the end of June of this year, the company had announced that it had completed two other rounds of financing, B1 and B2, worth 300 million yuan ($46.371 million).

The leading investor of this round of financing was GIC, while previous shareholders, Source Code Capital and XVC, have been present in all three rounds.

This is the third consecutive round of financing for the company, putting its total financing close to $100 million within six months. Investors include 5Y Capital, Vision Knight Capital, XVC, Source Code Capital, GIC and other well-known funds at home and abroad.

The company has accumulated the most amount of financing in the field of R&D management systems in China, and has also set a record for the fastest speed of financing in this field.

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Wang Yingqi, founder and CEO of ONES.AI, said, “We delelop a set of R&D management systems that meets the needs of Chinese technology enterprises and serves a large number of major customers from all walks of life. After receiving enough financial support, we will actively recruit talented individuals in the industry, accelerate our product updates, improve customer service, and take the initiative to fulfill our social responsibility.”

ONES.AI, founded in 2015, has grown into a leading provider of R&D management solutions in China, and its eight professional R&D management products run through the whole life cycle of software R&D. In 2020, the company acquired Tower, a well-known Chinese team collaboration tool, to provide one-stop solutions for various project management scenarios.

At present, ONES.AI’s customers cover many top 500 enterprises including Xiaomi, China Telecom, Kweichow Moutai, SAIC Motor, China Merchants Fund Management and Inspur Software.