Legend Capital Leads Zshield’s Series C Financing

Recently, Zshield Inc., an industrial big data innovation enterprise based in China, completed its Series C fundraising of several hundred million yuan. Legend Capital was lead investor for this round of financing.

The funds are marked for the construction of the underlying platform for big data, strengthening R&D, innovating products and services, in addition to expanding market share within the scope of industrial big data platforms, services, terminals and data security.

Qihui Fan, the Managing Director of Legend Capital, said: “Legend Capital is optimistic about the future of industrial big data. With the in-depth application of new technologies such as 5G, Industrial Internet and AI in various industries, industrial big data will enter the stage of in-depth development and usher in a period of rapid development. Zshield focuses on the construction of technology platforms and application innovation in this field, and has taken the lead in technical reserve. Its unique competitive barriers and the accumulation in the data security market have become the key points for its sustained and steady growth.”

Zshield has been engaged in industrial big data since 2016. Started with the energy and power industry, Zshield uses what it learned in the process, improved its offerings and applied them to other industries. At present, Zshield has accumulated technological, products and vertical markets in industrial big data.

Zshield has established a competitive platform with big data, which has leading industry know-how and big data capabilities. It has obtained more than 100 independent R&D certifications of core technology. Zshield enjoys advantages in many key technical indicators such as execution, description engineering efficiency and data governance engine efficiency.

Relying on this platform, Zshield has built a diversified industrial big data product matrix, which consists of energy metering products such as status evaluation for power consumption side, transmission, distribution, and power generation, and charging pile status for new energy vehicles. It also supplies energy efficiency analysis products such as photovoltaics and charging piles, in addition to carbon monitoring and carbon metering.

Many of its products have been widely applied by power companies in around 30 provinces with market coverage rate reaching 90%. The product technology has solved the problems of operation error analysis and state evaluation of metering equipment in power industry. After the financing, Zshield will further strengthen its technological innovation and product system in the field of industrial big data.