# Beijing Blueberry Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beijing-blueberry-technology-co

- Industry: Internet
- Headquarters: Beijing, China
- Website: www.itsgmu.com
- Total disclosed funding: $0.8M
- Latest round: Series B (Jun 27, 2019)
- Investors on record: 4

## About

Beijing Blueberry Technology Co., Ltd. specializes in software solutions, focusing on artificial intelligence applications and network security software that enhance digital marketing and cybersecurity for businesses.Founded in 2016 and headquartered in Beijing, China, Beijing Blueberry Technology Co., Ltd. develops software solutions for various businesses. The company underwent a strategic pivot when Beijing MeeLive Network Technology Co., Ltd. acquired it on July 15, 2019, for USD 85 mn. Joe Carter leads the company as CEO, guiding its operations in the software development and advertising space, with a total of five deals recorded since its inception.Beijing Blueberry Technology Co., Ltd. specializes in the development and sale of software solutions, particularly focused on artificial intelligence applications and network security software. Their core offerings encompass a range of advertising and software development services aimed at enhancing the digital landscape for various businesses. The products are designed to address specific challenges in advertising efficiency and information security, providing clients with tools to better manage their online presence and data protection needs, primarily catering to businesses looking to optimize their digital marketing strategies and enhance their cybersecurity measures. The company operates in diverse geographical markets, primarily within China while potentially expanding into other regions, leveraging the growing demand for advanced software solutions.Beijing Blueberry Technology Co., Ltd. primarily generates revenue through direct sales of its software products and services, including advertising solutions and artificial intelligence applications. Their transaction structure typically involves B2B engagements where businesses subscribe to their software solutions or purchase licenses for specific applications. Revenue is derived from both one-time sales and recurring subscription models, as clients seek ongoing support and updates for their software. Though specific pricing plans are not disclosed, the company's offerings are tailored to meet the needs of various market segments, ensuring a steady revenue stream as businesses increasingly invest in technology to enhance their operational capabilities.Following its acquisition in July 2019, Beijing Blueberry Technology Co., Ltd. plans to utilize the USD 85 mn from the recent funding to develop new software products aimed at enhancing artificial intelligence capabilities and expanding network security measures. The company intends to target Southeast Asian markets for expansion, aiming to establish a presence by the end of 2023. This strategic growth plan is focused on leveraging the rising demand for advanced software solutions within these regions, supported by the recent funding.

## Funding rounds

- Series B, Jun 27, 2019 — Hong Shan
- Series A, May 14, 2019 — BlueRun Ventures
- Angel, Mar 10, 2017, $0.8M — Juooo, Innoangel Fund

## Investors

- Juooo — Angel
- Innoangel Fund (https://capitalatlas.ai/funds/innoangel-fund) — Angel
- BlueRun Ventures (https://capitalatlas.ai/funds/bluerun-ventures) — Series A
- Hong Shan — Series B