Xiaoyu Yilian announced the completion of 125 million B round of financing

On the morning of March 22, Xiaoyu Yilian held a press conference in Beijing and officially announced that it had received RMB 125 million in Series B financing. This round of investment was led by ZhenFund and ZhenCheng Fund, followed by Sinovation Ventures, Lightspeed China, and Chengcheng Capital. This round of financing will mainly be used to build a sales system and network, promote the Xiaoyu Yilian brand, and increase R&D investment in its already leading products and technologies.

"Investment is nothing more than looking at three aspects. The first is to invest in trends, to see whether the investment is in line with the trend of social development. In the era of mobile Internet, in China's fertile Internet soil, hundreds of billions of companies such as BAT were born, and they are closely catching up with the world's top Internet giants. In the field of enterprise services, China has not yet had a company that can be compared with the top companies in the enterprise field, such as Salesforce, Oracle, SAP, etc.; and the demand in the Chinese enterprise market is strong, and the next 10 billion company will explode in the Chinese enterprise market; the second is to invest in talents, to see whether the project executors have entrepreneurial spirit and innovation ability. Xiaoyu Yilian entered the enterprise service market in 2016, and the core team came from industry leaders such as Polycom, Microsoft, Baidu, and UFIDA; the third is to invest in business models. You need to have a keen business sense. With the rapid development of 4G and 5G networks, audio and video applications will become a rigid demand for more companies, and Xiaoyu Yilian is standing at the forefront of industry development. We recognize that Xiaoyu Yilian meets these three points and is worth investing in." Li Jianwei of Zhencheng Fund said.

At the press conference, Xu Xiaoping of Zhen Fund was present. As a celebrity in the investment community, Xu Xiaoping said: "Regardless of round A or round B, Zhen Fund will follow the wheel of history. At the same time, we also place high hopes on Xiaoyu Yilian and hope that there will be more interesting product application experiences in the future.

Xiaoyu Yilian was founded in March 2014. Based on its core advantages of self-developed audio and video algorithms, innovative smart hardware products, and operational-level SaaS services, it has built a globally interconnected video cloud platform, created a "cloud + terminal + service + business" service ecosystem, and become a cloud video communication technology service and solution provider.

In terms of data, Xiaoyu Yilian has more than 1.3 million registered users at the enterprise/individual level, with sales exceeding RMB 100 million in 2016 and shipments of more than 20,000 smart terminals. It has covered 94 countries and more than 717 cities, with a total of more than 100 million calls worldwide. Next, Xiaoyu Yilian will fully promote the popularization and application of cloud video communications in the Chinese enterprise market, and realize the interconnection of people and services in providing video conferencing, distance education, telemedicine, telefinance, and telegovernment services, bringing people and services closer to the world.