36氪 First Release | Integrating artificial intelligence into the industrial design cloud platform, "Science Technology" received tens of millions of yuan in Pre A round of financing

36氪 First Release | Integrating artificial intelligence into the industrial design cloud platform, “Science Technology” received tens of millions of yuan in Pre A round of financing

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36 Krypton learned that the industrial intelligent design cloud platform service provider-Sequential Technology recently completed nearly tens of millions of yuan in Pre A round of financing. This round of financing was led by SIG, and old shareholders Xianfeng Evergreen, Gaorong Capital, and Lenovo Venture Capital continued to increase, and Canglan Capital was the exclusive financial adviser. This round of funds will be mainly used to further increase investment in core technology research and development, and to build a sales system.

Design Technology integrates artificial intelligence technology into industrial design software through its self-developed geometry engine and calculation engine, and combines the large amount of data accumulated in the project to greatly improve the efficiency of industrial design, simulation, process planning, and manufacturing. Reduce the workload of dozens of hours in the traditional workflow to a few minutes.

Setxu Technology has entered the market by intelligent design of molds and fixtures for the automotive industry, and has accumulated a large amount of data on automotive equipment. Based on historical design data and independently developed data automatic annotation technology and fusion learning algorithm technology, the company has developed and launched intelligent design SaaS software.

The industrial intelligent design products of Designx Technology can bring significant cost reduction and efficiency enhancement. First, AI+CAD can help customers save about half of the labor cost of engineers and designers, and second, AI+CAD can do faster. Companies can also receive more orders, thereby increasing revenue.

According to industry data, the annual output value of China’s industry has reached 37 trillion yuan, of which the design, simulation and process planning costs combined account for 5%-10% of the total output value, and the market size exceeds 2 trillion yuan. It can be seen that the market space in the field of industrial intelligent design is huge.

At present, Setxu Technology has served some KA customers, such as fixtures and mold suppliers of SAIC, Great Wall Motors, Tesla, and NIO.

According to Wu Yongrong, CEO of Designx Technology, the industrial intelligent design cloud platform has a high threshold. It mainly focuses on two aspects. The first is the threshold of the technical product itself. At present, the domestic industrial design field is both familiar with engineering details and knowledge. A team that integrates software development capabilities and has AI algorithm development capabilities in professional subdivisions is difficult to replicate.Secondly, it must have the ability to commercialize in this field. Setx Technology takes the automotive industry equipment as the entry point, and gradually expands to the entire industry to serve the large industrial market. It combines design services with SaaS services to provide flexible business solutions.

In the next step, the products of Setxu Technology will be upgraded and iterated in three dimensions. The first is the standardization of products to provide customers with a better interactive experience; the second application scenario of the product, in addition to the fixtures and molds of the car, realizes the realization of the car. +3C industry and other multi-scenario coverage; the third is based on the same data technology to cut into more collaborative links in the industry chain.

Setsu Technology was established in 2020. Prior to this, it has received seed round financing from Harbin Industrial Intelligence, and angel round financing led by Xianfeng Evergreen, co-invested by Gaorong Capital, and strategic investment by Lenovo Ventures. At present, there are nearly 100 employees, of which R&D personnel account for more than half. Wu Yongrong, the CEO of Designx Technology, said that the company’s goal in the future is to rapidly develop other industrial design fields on the premise of deep cultivation of existing products and businesses, and it is expected to achieve revenues of hundreds of millions in three years.

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