# GSIT

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gsit

- Industry: Industrial Machinery
- Headquarters: Beijing, China
- Website: www.dexinquan.com
- Total disclosed funding: $8.5M
- Latest round: Series D (Jun 23, 2015)
- Investors on record: 6

## About

Established in 2004 and based in Beijing, China, GSIT is an RFID IoT radio frequency identification solution provider, offering solutions for IoT RFID production and application. Some honorable titles, such as the Most Leading RFID Production Equipment Company in China's RFID Industry in 2014, China's Outstanding Entrepreneur of the Internet of Things in 2017, and the 2019 New OTC Market Enterprise Business Credit Award, have been granted to the company. It has set up two subsidiaries in Shenzhen and Shanghai, an Internet of Things Division in Beijing, and an Operations Center in Shijiazhuang. In September 2019, GSIT raised CNY 180 million in unspecified funding from new investors Cashflow Capital, Galaxy Yuanhui Investment, Shenzhen Capital Group, and individual investors.

The products manufactured by the company can be divided into five categories which are RFID produces high-end intelligent equipment, RFID readers and related products, raw materials, system application robots, and visual automation equipment. Products within include smart label flip-chip packaging equipment, contactless smart card equipment, dual interface equipment, detection equipment, RFID passive equipment, RFID handheld devices, RFID access control readers, IoT data collection hosts, asset equipment management systems, and an RFID warehouse management system.

## Funding rounds

- Series D, Jun 23, 2015, $5.1M — TFTR Investment, Mingdao Investment, Guangneng Investment Fund
- Series C, Jul 10, 2014, $2.4M — Lotus Lake Capital
- Series B, Dec 28, 2012 — Everest VC
- Series A, Mar 15, 2010, $1M — Lotus Lake Capital, DJ Capital

## Investors

- Lotus Lake Capital (https://capitalatlas.ai/funds/lotus-lake-capital) — Series A, Series C
- DJ Capital — Series A
- Everest VC (https://capitalatlas.ai/funds/everest-vc) — Series B
- TFTR Investment (https://capitalatlas.ai/funds/tftr-investment) — Series D
- Mingdao Investment (https://capitalatlas.ai/funds/mingdao-investment) — Series D
- Guangneng Investment Fund (https://capitalatlas.ai/funds/guangneng-investment-fund) — Series D