The domestic brand Taolink-Tech provides IoT chips for the import-dominated industry
IoT solution provider Taolink-Tech (Chinese: 道生物联) secured hundreds of millions of CNY in a Series A funding round.
The investment was led by Gongshan Capital, followed by Xinyi Capital, Jiadao Private Capital and Rivercity Investment. Existing investor Rivercity Investment has also participated in the angel and Series Pre-A financing round.
The proceeds will be used for marketing, and new product development. The company aims to meet the demand of for high speed, low power consumption, and passive scatter communication.
Taolink-Tech provide solutions over low-power wide-area-network technologies and chips. The company’s vision is to build TurMass, a new-generation low-power wide-area-network system. The wireless IoT solution will promote connectivity among things, according to the company’s website.
IoT is a number-object complex system, combining sensor, communication, network, computing, and control technology. It is recognized as the third wave of the information industry worth trillions of CNY after the age of computers and the internet, said Lin Suikai, the investment director of Gongshan Capital.
Founded in 2019, Taolink-Tech focuses on narrowband wireless IoT technology. TurMass adopts advanced technologies, such as large-scale antennas “mMIMO,” polar code and highly concurrent license-free random access. It increases the system capacity hundredfold and improves the speed and coverage by about five times.