After experiencing the wave of automation and informatization, the process industry has ushered in a turning point in digital intelligence. We have observed that the combination of digital twin technology and industrial mechanism models is profoundly changing various aspects of the process industry, including research and development, construction, production, and operation. The Qiangsi team has a complex background and experience in various aspects such as process technology, equipment mechanism, and factory operation. I believe that SiE's industrial resources will resonate with Qiangsi and jointly create value for customers. SiE Information [300687], as a large-scale enterprise digital service provider, is a leading digital provider in the field of intelligent manufacturing in China. The SiE Industry Fund was initiated and established by SiE Information, focusing on early investments in large and medium-sized enterprise level software (management software and industrial software).
——Sun Yuxuan, Founding Partner of SiE Industrial Fund
Recently, Nanjing Qiangsi Digital Technology Co., Ltd. (hereinafter referred to as "Qiangsi Digital Technology") announced the completion of a round A financing of tens of millions of yuan, led by SiE Industrial Fund, followed by Pegasus Capital, and Yunxiu Capital as the exclusive financial advisor.
Established in 2010, Qiangsi Mathematical Technology is a leading digital service provider for the process industry in China. With digital twin core technology, the company is committed to providing end-to-end full lifecycle products and solutions from design, construction, delivery, operation, and optimization for the domestic chemical, steel, and other process industries. This round of financing will help Qiangsi Digital Technology accelerate its research and development process and ecological layout centered on digital twin platforms, and continue to expand the company's leading advantage and market share in process industry digitization.
Image source: Qiangsi Mathematics
The wave of intelligent transformation and digital transformation is coming, with digital twin bases and applications driving industrial digital transformation
The process industry has a large scale, high barriers, and complex mechanisms, which particularly test the background and genes of start-up companies. The core team of Qiangsi Mathematical Science comes from top process industry enterprises such as Worley, BASF, GE, Dow Chemical, Wison, and CCID, with a deep understanding of the industry's Know How. The X-Twins digital twin platform, built by the company based on the rich industry experience and IT technology of the team, has been applied to more than ten large customers in China, such as large and medium-sized steel enterprises such as Jiangsu Yonggang Group and Zhongtian Steel Group, as well as large chemical and new energy enterprises such as PetroChina and Polyfluoro, to reduce costs and increase efficiency, improve operational decision-making efficiency, and quickly respond to market changes, It has played an important role in improving the skills of workers and has received unanimous praise from customers.
Image source: Qiangsi Mathematics
Ding Hongxiang, founder of Qiangsi Digital Science and Technology, stated that our country is at a significant juncture in industrial upgrading and energy transformation, which is a core issue related to enhancing competitiveness and sustainable development in our country, especially in process industries such as chemical and steel industries. There are a series of problems commonly encountered, such as asset management, energy consumption, research and development capabilities, and market responsiveness, to solve the digital transformation of process industries, This solves the core issue of upgrading the manufacturing industry. The essence of digital transformation in the process industry is actually the need for a lean based digital system to 'connect' the company's management and production operation execution layers. This system is a platform that can solidify experience and knowledge, establish standards and processes, and constantly try and error. Digital twin technology, with its basic characteristics of virtual mapping, virtual driving, and virtual control, is particularly suitable for the upgrading needs of the manufacturing industry, Qiangsi Mathematical Technology focuses on digital twin technology to create an X-Twins digital twin base+application, driving the continuous digital transformation of the process industry through trial and error.
Song Xuwen, Managing Director and Head of Enterprise Service Group of Yunxiu Capital, stated: We continue to pay attention to the digital transformation of the process industry, which is a field with extremely high entry barriers and huge potential for exploration. Qiangsi is one of the few manufacturers in China that independently controls the entire stack and integrates data collaboration throughout the entire cycle of design, construction, production, operation, and optimization. By integrating rich mechanism models, we truly realize and deepen the digital twin, continuously generating value. Over a decade of accumulation, the company's platform maturity and key customer service have been enhanced Our business capabilities are at the top level in the industry, and we are honored to support Qiangsi in entering an accelerated development period and continuing to drive China's intelligent manufacturing
