# DataGrand Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/datagrand-tech

- Industry: Software
- Headquarters: Shanghai, China
- Website: www.datagrand.com
- Total disclosed funding: $162M
- Latest round: Series C (Mar 9, 2022)
- Investors on record: 19

## About

DataGrand Tech Inc. is a company that specializes in advanced artificial intelligence solutions, focusing on intelligent document processing and recommendation systems to enhance business efficiency.DataGrand Tech Inc. was founded in 2015 and is headquartered in Shanghai, China. The company primarily operates in the AI industry, providing innovative solutions for document processing. The founder, Yunwen Chen, also serves as the CEO and has a background in technology entrepreneurship. DataGrand has completed a total of 6 deals, with its most recent funding round being the Series C, which raised CNY 580 million on March 9, 2022, with participation from investors such as Advantech Capital and CITIC Securities.DataGrand Tech Inc. specializes in advanced artificial intelligence solutions, particularly in intelligent document processing and recommendation systems. Its offerings include an intelligent recommendation system optimized with deep learning and collaborative filtering algorithms tailored for different industries, significantly improving conversion rates, click-through rates, and retention rates. Furthermore, they provide an intelligent document review system that utilizes natural language processing, deep learning, and computer vision technologies for automated critical information extraction, risk assessment, and document comparison. Their RPA platform integrates proprietary AI technology, streamlining business processes across various sectors, including finance, manufacturing, telecommunications, and government. Over 100 enterprises utilize their solutions, which are deployed in multiple regions, including China.DataGrand Tech Inc. generates revenue through a business-to-business (B2B) model, offering subscription-based services for their intelligent document processing platform, intelligent recommendation system, and RPA solutions. The company partners directly with enterprises to deliver customized solutions that meet specific business needs, with revenue streams likely arising from initial setup fees and ongoing service subscriptions. Their product lines are designed to enhance operational efficiency and minimize risks, especially in industries that rely heavily on text processing.In March 2022, DataGrand Tech Inc. raised CNY 580 million in Series C funding to enhance their capabilities in the Intelligent RPA space and accelerate innovation in Natural Language Processing (NLP), Optical Character Recognition (OCR), Knowledge Graph, Intelligent Recommendations, and Hyperautomation. The company plans to launch new products and expand into additional markets. Specific geographic expansions are targeted, although details on regions were not disclosed. The raised funds will be strategically utilized to support these initiatives and advance their technological advancements.

## Funding rounds

- Series C, Mar 9, 2022, $92M — CITIC Securities, Sunshine Insurance Group, CSC Securities, Legend Star, China Merchants Securities, Advantech Capital, GF Securities, Xiang He Capital, Shenzhen Capital Real Estate Fund, Hundreds Capital
- Series B, May 14, 2020, $38M — SAIF Partners, Z Capital, Shenzhen Capital Real Estate Fund, Mount Morning Capital
- Series B, Apr 24, 2020 — ZhenFund
- Series B, Nov 22, 2018, $23M — Oriza Holdings, Eastern Bell Capital, Legend Star, Mount Morning Capital
- Series A, Apr 11, 2017, $7.3M — SAIF Partners, ZhenFund, FG Venture, Haier Capital, Z Capital
- Angel, Jan 8, 2016, $1.5M — ZhenFund, Zenmen, Z Capital

## Investors

- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Angel, Series A, Series B
- Zenmen — Angel
- Z Capital (https://capitalatlas.ai/funds/z-capital) — Angel, Series A, Series B
- SAIF Partners (https://capitalatlas.ai/funds/saif-partners) — Series A, Series B
- FG Venture (https://capitalatlas.ai/funds/fg-venture) — Series A
- Haier Capital (https://capitalatlas.ai/funds/haier-capital) — Series A
- Oriza Holdings (https://capitalatlas.ai/funds/oriza-holdings) — Series B
- Eastern Bell Capital — Series B
- Legend Star (https://capitalatlas.ai/funds/legend-star) — Series B, Series C
- Mount Morning Capital (https://capitalatlas.ai/funds/mount-morning-capital) — Series B
- Shenzhen Capital Real Estate Fund (https://capitalatlas.ai/funds/shenzhen-capital-real-estate-fund) — Series B, Series C
- CITIC Securities — Series C
- Sunshine Insurance Group — Series C
- CSC Securities — Series C
- China Merchants Securities — Series C
- Advantech Capital (https://capitalatlas.ai/funds/advantech-capital) — Series C
- GF Securities — Series C
- Xiang He Capital (https://capitalatlas.ai/funds/xiang-he-capital) — Series C
- Hundreds Capital (https://capitalatlas.ai/funds/hundreds-capital) — Series C