The venture capital group directly invested in the company Kaos, which has received tens of millions of RMB in strategic investment.

Recently, Nanjing Chaos Data Technology Co., Ltd. (hereinafter referred to as "Chaos") announced the completion of strategic financing of tens of millions of yuan, with this round of financing exclusively invested by the listed company Gaohua Technology (688539).

Gaohua Technology's main business is the development of highly reliable sensors and sensor network systems, with main products including various types of pressure, acceleration, temperature and humidity, displacement sensors, as well as integrating these sensors into sensor network systems through software algorithms. Gaohua Technology's investment in Chaos aims to quickly enhance software and algorithm capabilities through industrial cooperation with Chaos, leveraging the relevant data governance, feature extraction, and model editing tools developed by Chaos, to help the company complete the layout of related industrial sensors and build a large-scale industrial sensor industry platform.

Wang Shuli, General Manager of the Investment Department of the Venture Capital Group, stated: "We are very pleased that Chaos has received strategic investment from Gaohua Technology to achieve a strong alliance and mutual benefit. I believe that with the joint support of new and old shareholders, Chaos will enter a fast track of accelerated development. The municipal science and technology innovation fund managed by Nanjing Venture Capital Group invested in Chaos in June 2023. As an A-round investor, we continue to pay attention to the changes in the entire industry and the progress of the company. Currently, Chaos has deeply served dozens of benchmark customers in the steel, automotive, cement, chemical, mining, and power industries, including Baowu Steel, GAC Toyota, Conch Cement, and NIO. I believe that Chaos will grow into a mainstream supplier of domestic industrial software in the future, providing better products and services for customers, and continuing to make greater contributions to the construction of a digital China and the high-quality development of enterprises."

Introduction to Nanjing Chaos Data Technology Co., Ltd.:

Nanjing Chaos Data Technology (Chaos Data Technology) was established in 2017, focusing on the industrial Internet of Things, taking online monitoring of common dynamic equipment (rotating, reciprocating) in industrial production as the entry point, and combining edge and cloud mechanisms with big data modeling and analysis to provide services such as equipment online monitoring, intelligent operation and maintenance, industrial control, and supply chain optimization for industrial enterprises. Based on the application experience of a national and provincial-level high-level talent technical team in the industrial Internet of Things, combined with the actual situation of Chinese manufacturing, Chaos is committed to creating smarter, safer, and more economical industrial Internet of Things products and solutions.

Source: Venture Capital Group

Reviewed by: Xue Yao

Published by: You Yi