# Beijing Yixin Yiyi Technology Co.

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

- Industry: Telecoms
- Headquarters: Beijing, China
- Website: www.yxinsur.com
- Total disclosed funding: $47M
- Latest round: Series B (Dec 28, 2021)
- Investors on record: 4

## About

Beijing Yixin Yiyi Technology Co., Ltd. operates as a technology provider, focusing on online-to-offline intelligent insurance cloud services that enhance efficiency and transparency in the insurance sector.Founded in 2018 in Beijing, China, Beijing Yixin Yiyi Technology Co., Ltd. (Yixin Technology) specializes in intelligent insurance cloud services. The company, led by founder and CEO Hongbiao Qi, has engaged in 4 deals, with its most recent funding round occurring in December 2021. This Series B funding raised CNY 300 million from investors including Hangzhou Oriental Jiafu Asset Management Co., Ltd. and Shanghai International Group.Yixin Technology specializes in an online-to-offline (OMO) intelligent insurance cloud service platform. Its core offerings include the SaaS-based "Yixin Cloud Creation" platform for sales services, as well as "Yixin Cloud Bridge" and "Yixin Cloud Chain," which connect supply and demand in the insurance ecosystem. The platform serves over 560 insurance intermediaries and more than 300 elite insurance teams in China, addressing complex insurance transaction issues and enhancing user experience through data-driven insights.Yixin Technology reported an annual revenue nearing CNY 300 million, with a year-over-year growth rate exceeding 70%. The company's revenue model is primarily B2B, catering to insurance intermediaries with its SaaS platforms for sales and operational management. The firm achieves a Gross Transaction Value (GTV) of premiums exceeding CNY 10 billion, underscoring its presence in the insurance market.Following its Series B funding of CNY 300 million on December 28, 2021, Yixin Technology plans to invest in the research and development of high-end enterprise-level SSD master chips. This includes the upcoming high-performance PCIe Gen4 SSD master chip STAR2000 targeted at data centers and enterprise markets, alongside research for the next generation PCIe Gen5 SSD control chip. Further, the company is focused on expanding its market reach to include new geographic regions.

## Funding rounds

- Series B, Dec 28, 2021, $47M — Shanghai International Group, Silu Huachuang Capital, Hangzhou Oriental Jiafu Asset Management Co., Ltd
- Series A, May 7, 2019 — Leader Internet Capital

## Investors

- Leader Internet Capital (https://capitalatlas.ai/funds/leader-internet-capital) — Series A
- Shanghai International Group — Series B
- Silu Huachuang Capital (https://capitalatlas.ai/funds/silu-huachuang-capital) — Series B
- Hangzhou Oriental Jiafu Asset Management Co., Ltd — Series B