China’s Black Lake Generates $100 Million To Digitally Modernize Industries

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Black Lake Innovations is a rapidly growing, endeavor-backed firm that uses smartphone, IoT, and web-based partnership operating systems to obtain, visualize, supervise, and scrutinize real-time production information.

Since its original conception in 2016, the tech company has registered more than $100 million in financial support from investors, which includes GGV Equity, Bertelsmann Asia Assets, GSR Endeavors, ZhenFund, and many others.

Black Lake facilitates the ability of employees in the company (from senior management to manufacturing workers) to easily collaborate, analyze information, derive insights, and take urgent initiatives. To date, the Chinese tech company has received more than $100 million in total investment.

The business successfully completed a Series C round, raising approximately 500 million yuan ($77 million) and attracting new venture capitalists such as Singapore’s supreme money financing Temasek, which led the lap, as well as China Renaissance and Lightspeed Venture Partners.

With the financing, Black Lake hopes to standardize its customer experience to a Lego-like construction phase, allowing production plant executives to conveniently customize the application for their individual use.

Workers will have the option to obtain the cloud-based application via their mobile phones, which are now omnipresent in China’s advantaged urban centers as gadget valuations and data service charges have dropped. 

Black Lake Overview

Yuxiang Zhou, the pioneer of Black Lake, established the firm on June 6, 2016. The headquarters are based in Asia-Pacific (APAC). Shanghai Black Lake Internet Technology Co Ltd is the company’s official title. The organization thrives in the sectors of data analysis, production, software as a service, and applications.

Black Lake Technologies is an industrial production SaaS corporation that generates plant slab partnership toolkits to help industries digitally evolve. Black Lake’s business customers span from medium-sized businesses to Fortune 500 multinationals, and the company facilitates their development. 

Black Lake Solutions

Black Lake System is an “associate” in the factory’s virtual transition. It has sequentially debuted software solutions such as “Black Lake Smart Production” and “Black Lake Mini Production Orders” to construct a doorway, depending on cutting-edge technology solutions such as virtualized data processing, the Internet of Things, and cryptocurrencies.

A significant economic partnership console that breaks down mass production businesses’ intrinsic and extrinsic knowledge archipelago, enabling real-time accumulation, collaborative effort, assessment, and decision-making of processed relevant data, bringing the processing cloud online, enabling upriver and downriver seamless connectivity and effectual partnership of the business ecosystem, and associated with process expansion and self-innovation.

Manufacturing companies must improve their functional efficiency, reliability, and adaptability in order to retaliate fluidly and rapidly to changing business expectations, in the present, and help propel the future.

Black Lake’s Conceptual Prowess

Black Lake uses sophisticated Internet virtualized frameworks such as transportation and delivery lattices, along with low-code technology, to supply personalization functionality and to modify fluidly to distinguishable necessities.

Data anonymity, authenticity, and serviceability are guaranteed by deploying conventional cloud applications and utilizing techniques such as site-wide cybersecurity, distant incident management, and elastomer upgrading. Standard open API communication for connecting distribution networks, manufacturing, transportation, and sales structures.

To create the greatest enterprise content consumer experience, the company helps bring together 200+ engineers from Google, Facebook, Alibaba, ByteDance, SAP, Siemens, and others.

Black Lake Funding And Financials

Black Lake Innovations has garnered $112.3 million in financial support over six rounds. Their most subsequent financing came in the form of a Series C bout on February 22, 2021.

Nine venture capitalists have contributed to the investment in Black Lake Technologies. The most notable stockholders are Temasek Assets and Lightspeed China Associates.

Conclusion

Black Lake Innovations is a rapidly growing, endeavor-backed firm that uses smartphone, IoT, and web-based partnership operating systems to obtain, visualize, supervise, and scrutinize real-time production information and facilitates the ability of employees in the company (from senior management to manufacturing workers) to easily collaborate, analyze information, derive insights, and take urgent initiative.

Shanghai Black Lake Internet Technology Co Ltd is the company’s official title. Black Lake Technologies is an industrial production SaaS corporation that generates plant slab partnership toolkits to help industries digitally evolve.

Black Lake System is an “associate” in factory virtual transition and uses sophisticated Internet virtualized frameworks such as transportation and delivery lattice, along with low-code technology, to supply personalization functionality and to modify fluidly to distinguishable necessities.

Its Innovations has garnered $112.3 million in financial support over six rounds. Since its original conception in 2016, the tech company has registered more than $100 million in financial support from investors which include GGV Equity, Bertelsmann Asia Assets, GSR Endeavors, ZhenFund, and many others.

FAQs

What is Black Lake?

Black Lake Technologies is an industrial production SaaS corporation that generates plant slab partnership toolkits to help industries digitally evolve.

Black Lake customers span from?

Black Lake’s business customers span from medium-sized businesses to Fortune 500 multinationals, and the company facilitates their development.

Who founded the company?

Yuxiang Zhou, the pioneer of Black Lake, established the firm on June 6, 2016.

Where is the headquarters based?

The headquarters are based are in Asia-Pacific (APAC).

How much have they received in funding?

Black Lake Innovations has garnered $112.3 million in financial support over six rounds.

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