Tech Valley, a Xiamen, China-based big data technology and application service provider, raised over $3.19m in Series A financing.
The round was led by CRRC-Times Fund, a venture capital fund company affiliated to CRRC, and Green Pine Colorful Dream, owned by Green Pine Capital Partners.
Led by Doctor Chen Sien, founder and CEO, Tech Valley provides an enterprise intelligent transportation and travel platform which leverages artificial intelligence (AI) and big data of airlines, airports, as well as operators to automatically make predictions and establish models through multiple intelligent agents.
The transportation and travel service can be optimized and linked up for every single procedure and all kinds of scenarios. Its implementation has covered various user scenarios such as the traveler big data analysis in civil aviation and railway, and can also be applied in safety guarantee, monitoring and warning, and expanded to Internet of Things.
Tech Valley has signed strategic partnerships with many enterprises and government organizations in the areas of aviation, railroad, urban transportation and public safety. Its alliances include Aviation Industry Corporation of China, China Aerospace Science and Industry Corporation, China Railway, TravelSky, UnionPay, CAAC, Tencent, Amazon, Huawei, ZTE, Inspur, Chinasoft International, Microsoft and Ctrip.