What do you think of the $320 million financing recently completed by G7 Internet of Things Company?

65438+February 10, the internet of things technology company G7 announced that it had completed a new round of financing of $320 million in June 10, which was the company's fifth financing. This round of financing was led by Hopu Investment, and broadband capital, Zhihui Fund, Chen Shan Capital, Total Venture Capital and Taihe Capital participated in the joint investment. The existing shareholders of G7, ProLogis, BOC Investment and Tencent, continue to make additional investments. It is understood that this financing has set a record for the highest amount of financing in the global Internet of Things field.

Previously, G7 has successively completed the financing of $30 million in Series A, $45 million in Series B, $45 million in Series C and $70 million in Series C+. Investors include Tencent, Pross, Temasek, Bank of China Investment, CDB and many other large institutions. G7 has become one of the most valuable technology companies in the global Internet of Things field.

According to reports, based on the unique artificial intelligence and Internet of Things (AIoT) technology platform in the industry, G7 provides comprehensive fleet management solutions for large logistics enterprises and tens of thousands of freight fleets, covering the whole process of fleet operation such as security, settlement, finance and intelligent equipment. G7 has also cooperated with its partner * * * to develop a self-driving truck operation network to provide global smart equipment and asset operation services for the fleet. Up to now, G7 has served more than 60,000 customers and connected more than 800,000 vehicles, making it the largest integrated fleet management and service platform in the world.

Zhai Xuehun, founder and CEO of G7, said that the global intelligent fleet based on the Internet of Things, big data and artificial intelligence is completely changing the existing fleet operation mode and becoming a new generation of logistics infrastructure, which fundamentally improves the efficiency of the industry. The new round of financing will support G7 to continue the strategic layout of AI+IA (artificial intelligence+intelligent assets) and promote the transformation of traditional logistics industry to automation and intelligence. At the same time, the new round of financing will continue to support G7 to attract top talents, expand R&D investment and deepen the layout of various fields.