String Asset Profile

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Location

Shanghai China

Primary Industry

Software

About

Based in Shanghai, China and established in 2018, String is an information company that provides an integrated overall solution that integrates agricultural data collection, artificial intelligence monitoring and management, and remote equipment control. The company has more than 70 employees, of which more than half are R&D personnel. The company's co-founder used to be the chief hardware architect of Alibaba's IoT (Internet of things) business unit. In 2021, it raised pre-A funding from Value Capital. The company has established cooperation with nearly 100 agricultural electronic control equipment suppliers. The company’s business model is to transform and upgrade traditional electric control equipment to IoT through wireless radio frequency communication modules and gateways, and to provide database and IoT services through SaaS software. Its main products includes Cui Ling String Series Products. Cui Ling String realizes the IoT upgrade of agricultural planting hardware equipment based on cloud computing. It forms a closed loop of big data collection, artificial intelligence decision-making and hardware operating system. The company has built a customer system of B to Small B, B to Big B and B to C. Small B represents 24 categories of agricultural electrical control equipment suppliers, such as water and fertilizer integrated machines, roller shutters, irrigation equipment manufacturers, etc. Big B stands for integrated solution providers, such as service providers for smart greenhouse construction and engineering construction. C stands for agricultural customers. The company has successfully cooperated with Boyun Agriculture, Zhongjing Group and Dema Technology, etc. The company’s revenue is generated by selling hardware, Saas software and providing integrated overall solutions to customers. As of March 2021, the company has achieved operating income of RMB tens of millions, and it is expected to achieve revenue of RMB 100 million. Among them, hardware sales revenue accounted for 60%, and SaaS software revenue accounted for 40%. In the future, in terms of customer cooperation, the company will cover all 24 agricultural electronic control equipment categories in the industry. In terms of technology, the company will form a chip design and manufacturing system with independent intellectual property rights for wireless radio frequency communication. In terms of database accumulation, the company will establish and improve a large database of all types of plants. In terms of application field, the company will build an AI database in the industrial field.

Current Investors

Value Capital, Pengguchuangye.com, Heji (Shanghai) Enterprise Management

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Primary Industry

Software

Sub Industries

Data Centers, Hardware, Software

Verticals

Artificial Intelligence, Cloud Computing, IoT (Internet of Things)

Company Stage

Early Stage

Total Amount Raised

Subscriber access only

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