ONES.AI Completes Funding Cycle C and Approaches Total Funding of $ 100 Million in Six Months

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

The main investor in this round of funding was GIC, while the previous shareholders, Source Code Capital and XVC, were present in all three rounds.

This is the third consecutive round of funding for the company, bringing its total funding to nearly $ 100 million in 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 largest amount of funding in the field of R&D management systems in China, and also set a record for the fastest funding speed in this area.

SEE ALSO: Chinese robotics warehouse start-up HAI ROBOTICS secures $ 200 million in funding

Wang Yingqi, Founder and CEO of ONES.AI, said, “We are developing a set of R&D management systems that meet the needs of Chinese technology companies and serve a large number of major customers from all walks of life. After receiving sufficient financial support, we will actively recruit talented people 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 one of the leading providers of R&D management solutions in China, and its eight professional R&D management products cover the entire software R&D lifecycle. 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 clients cover many top 500 companies including Xiaomi, China Telecom, Kweichow Moutai, SAIC Motor, China Merchants Fund Management and Inspur Software.


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