# HS Tech

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

- Industry: Business Support Services
- Headquarters: Shanghai, China
- Website: www.api-iot.hangshutech.com
- Total disclosed funding: $15M
- Latest round: Series A (Aug 24, 2021)
- Investors on record: 3

## About

Based in Shanghai, China, HS Tech is an industrial digitization firm specializing in Internet of Things (IoT) solutions for smart manufacturing and logistics, enhancing operational efficiency.Founded in 2016, HS Tech focuses on delivering innovative IoT solutions. The company has conducted 4 total deals, with its latest funding round, Series A, raising RMB 100 million on August 24, 2021. The funding was backed by investors including Gongdao Innovation Investment and Guantian Capital. The company's CEO is Lihui Wang, with Mustafa Ibn Holsey also playing a key role in its leadership.HS Tech specializes in innovative Internet of Things (IoT) solutions, focusing on advanced sensor technologies and data analytics platforms tailored for smart manufacturing and logistics optimization. Their product offerings enable clients to enhance operational efficiency, reduce downtime, and improve supply chain visibility, primarily targeting industries such as automotive, agriculture, and smart cities. The company has built a diverse customer base across North America, Europe, and Asia-Pacific, and has recently launched advancements in their products within the past two years.HS Tech generates revenue through a combination of subscription-based services and direct sales of IoT products. Clients typically engage in long-term agreements featuring initial hardware purchases followed by ongoing subscriptions for software updates and analytics services. This model supports a steady stream of recurring revenue while allowing access to technological advancements at lower upfront costs. Pricing plans are tailored to various sectors, enabling both large enterprises and smaller firms to effectively utilize their solutions, supported by partnerships with system integrators and technology providers.HS Tech plans to utilize the RMB 100 million raised in Series A funding to further develop new products aimed at enhancing their IoT offerings. The company is also targeting expansion into additional markets in North America and Europe by 2023. This strategic funding will support product development and market penetration, allowing HS Tech to better serve a growing customer base in these regions.

## Funding rounds

- Series A, Aug 24, 2021, $15M — Guantian Capital, Gongdao Innovation Investment, Shaanxi Investment Fund Management

## Investors

- Guantian Capital (https://capitalatlas.ai/funds/guantian-capital) — Series A
- Gongdao Innovation Investment — Series A
- Shaanxi Investment Fund Management (https://capitalatlas.ai/funds/shaanxi-investment-fund-management) — Series A