SaaS Service Provider Mogulinker Secures C1 Round of Financing
Mogulinker, an AIoT SaaS service provider based on the industrial Internet, announced on September 2 that it had completed the C1 round of financing worth more than 100 million yuan ($14.5 million). This round of financing was jointly invested by Broadstream Capital, V Fund, and Z.H.Island. Existing shareholders GGV Capital and XiangHe Capital also joined in the new investment round.
Established in 2016, Mogulinker uses the integration of AIoT technology and industrial equipment application situations to provide standardized software and hardware products for enterprises involved in the three main bodies of the industrial chain: equipment manufacturing, agents and services, and end users.
At present, most of the industrial Internet and digital solutions in the market are aimed at the production line equipment in the workshop. However, it is difficult to standardize products and solutions for different equipment, thus encountering greater resistance in reuse capacity.
Mogulinker focuses its efforts on workshops with equipment that can adapt similar SaaS services across a broad range of uses, such as air compressors, air conditioners, pumps, fans, motors, etc.
The company independently develops IoT intelligent hardware, industrial software, aPaaS cloud platform services and AI algorithm packages, providing customers with services such as equipment data visualization, early fault warning, fault diagnosis, remote operation and maintenance, digital energy management, and the intelligent control of workshops. At present, Mogulinker has served more than 1,400 paying industrial enterprises, including Midea Group, Geely Automobile and Skyworth.
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According to a report released by ChinaIRN.com, the industrial Internet will generate up to $11.1 trillion in revenue every year before 2025. Furthermore, it is predicted that by 2030, the industrial Internet will bring $14.2 trillion of economic growth to the world.