# Kuaizhu Intelligent Technology (Suzhou) Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kuaizhu-intelligent-technology-suzhou-co

- Industry: Travel & Leisure
- Headquarters: Suzhou, China
- Website: www.xiezhuwang.com
- Total disclosed funding: $67M
- Latest round: Series B (Mar 29, 2021)
- Investors on record: 5

## About

Based in China, Kuaizhu Intelligent Technology (Suzhou) Co., Ltd. specializes in intelligent technology solutions, particularly for the hospitality sector, enhancing operational efficiency through innovative smart products.Kuaizhu Intelligent Technology (Suzhou) Co., Ltd. was founded in 2015 and is headquartered in Suzhou, China. The company focuses on developing smart solutions for hotels and residential apartments. The CEO, Haibin Chen, is also the founder and has a background in technology innovation. Kuaizhu raised RMB 300 million in its Series B funding round on March 29, 2021, led by Addor Capital, with participation from SR Capital and Tongcheng Capital. This funding round brought the total amount raised by the company to RMB 300 million, with two deals completed to date.Kezhu Technology provides a comprehensive suite of intelligent solutions for the hospitality industry, focusing on smart hotels and apartments. Key offerings include the U Pad Max panoramic digital butler, U Check automated front desk system, and U Data hotel management platform, designed to enhance guest experiences through features like facial recognition, AI-driven room control systems, and smart energy management tools. Their solutions cater to hotels, residential apartments, and property management firms, emphasizing rapid upgrade capabilities and minimal installation disruption across various regions in China, with plans to expand internationally.The revenue model of Kuaizhu Technology is based on B2B transactions, partnering with hotel chains and property management companies to implement its smart technology solutions. Core products, such as the U Cam facial recognition doorbell and U Data hotel management platform, facilitate improved operational efficiency and guest satisfaction. Clients typically engage in contracts that include upfront licensing fees for technology deployment and ongoing subscription fees for software and support services. The company also offers training and operational support, enhancing client relationships and establishing recurring revenue streams.Kuaizhu Intelligent Technology plans to leverage its Series B funding of RMB 300 million raised in March 2021 to enhance product development and expand into new geographic markets. The company is focused on launching additional smart solutions tailored for the hospitality sector, with a specific interest in international markets, as demand for smart technology in hospitality increases. Their strategy includes enhancing existing products and exploring new technologies to secure a strong foothold in emerging markets.

## Funding rounds

- Series B, Mar 29, 2021, $46M — SR Capital, Addor Capital, Tongcheng Capital
- Series A, Jan 8, 2020, $22M — SND Ventures Group, Jia.com, SR Capital

## Investors

- SND Ventures Group (https://capitalatlas.ai/funds/snd-ventures-group) — Series A
- Jia.com — Series A
- SR Capital (https://capitalatlas.ai/funds/sr-capital) — Series A, Series B
- Addor Capital (https://capitalatlas.ai/funds/addor-capital) — Series B
- Tongcheng Capital (https://capitalatlas.ai/funds/tongcheng-capital) — Series B