# Innovation Union

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/innovation-union

- Industry: Business Support Services
- Headquarters: Beijing, China
- Website: www.iuindustry.com
- Latest round: Series A (Apr 20, 2022)
- Investors on record: 2

## About

Established in 2017 and based in Beijing, China, Innovation Union is a service provider that focuses on providing industrial data analysis for mining, textile and green energy companies to improve and reengineer their business process. The company launched its industrial application platform IU Industrial Cloud in 2020 and has more than 70 employees. The company's founder and CEO, Qiutao Liu, has a master's degree in business administration from Peking University and a master's degree in automation from Beijing University of Aeronautics and Astronautics.

The company provides automation, data and industrial cloud services to companies in the extractive, new energy and manufacturing industries. The company self-developed industrial Internet technology service platform Bgonglian and expandable industrial application platform IU Industrial Cloud. The industrial Internet technology service platform Baigonglian provides one-stop SaaS services from equipment access, operation monitoring, equipment management, production management, industrial data prognosis and analysis, etc. IU Industrial Cloud, an extensible industrial application platform, provides predictive maintenance, real-time capacity monitoring, and diverse data collection.

The company plans to use the series A+ funding for expand the scale of platform operation and product development of industrial Internet technology service platform.

## Funding rounds

- Series A, Apr 20, 2022 — Plum Ventures
- Series A, Jul 16, 2019 — Beijing Peakvalley Capital Investment

## Investors

- Beijing Peakvalley Capital Investment — Series A
- Plum Ventures (https://capitalatlas.ai/funds/plum-ventures) — Series A