Key Takeaways
- QYSEA Technology has successfully secured 10 million yuan in Series B2 financing.
- Investment partners include Cowin Capital and Shunwei Capital.
- The company aims to enhance its underwater robotics and AI technologies for various markets.
- QYSEA has experienced impressive year-on-year revenue growth despite pandemic challenges.
- The firm holds over 100 patents and has received multiple international awards.
- Strong partnerships with clients across diverse sectors, including aquatic farming and telecommunications, showcase QYSEA’s growing footprint.
QYSEA Technology Secures Major Funding to Propel Innovation
Underwater robotics manufacturer QYSEA Technology has announced a significant milestone with the successful completion of a 10-million-yuan Series B2 financing round. This strategic initiative received backing from leading investment firms, notably the Shenzhen-based Cowin Capital and Beijing’s Shunwei Capital. With this fresh capital infusion, QYSEA Technology is poised to further its development in underwater robotics and artificial intelligence, catering to an extensive range of consumer and professional markets.
Introducing the FIFISH Product Lineup
Belinda Zhang, CEO and founder of QYSEA Technology, expressed her enthusiasm by stating: “This strategic financing is vital for the advancement of QYSEA Technology. The successful completion of this Series B2 round signifies a strengthening of our strategic partnerships with leading enterprises and venture capitalists in the tech industry. Our team is eager to pursue technological breakthroughs and create a more efficient development process for our forthcoming underwater technologies.”
FIFISH PRO V6 PLUS & the original FIFISH V6
Remarkably, despite the constraints imposed by the global pandemic, QYSEA has achieved a 20% year-on-year revenue growth from 2020 to 2021, demonstrating resilience and market adaptability. Their innovative products are now available in over 130 countries and regions, reinforcing their global presence. The company proudly holds over 100 product and utility patents, collecting numerous prestigious awards such as the CES Innovation Awards in the United States, the iF Design Award from Germany, and the Good Design Award from Japan.
FIFISH’s patented design allows the operator to move with six degrees of freedom
In terms of industry collaborations, QYSEA has established meaningful partnerships with prominent clients across various sectors, including renowned Norwegian salmon farms, Singapore’s Keppel Shipyards, and major electric power companies in Tokyo, among others. These relationships span multinational telecommunications firms and large-scale infrastructure projects, underscoring QYSEA’s versatility and industry relevance.
The FIFISH PRO W6 excels in small-scale industrial underwater operations
Looking ahead, QYSEA’s founder believes the company is at a pivotal juncture. “Driven by the demands for digitalization, artificial intelligence, and industrial advancements, the underwater applications industry presents unprecedented opportunities for growth. The upcoming year will be crucial for us. We anticipate reaching new heights in computing power and AI applications within our underwater technologies, creating increased value across various industries,” Zhang stated.
FIFISH V6 EXPERT engages in free-diving exercises
Tong Ziping, a partner at Cowin Capital, noted the vast potential of the underwater robotics sector, stating, “This is a blue ocean market. QYSEA has cultivated solid success in international markets, setting a strong foundation for future product globalisation. We anticipate that their products and strategic initiatives will stand out in both domestic and global markets. Our hope is that QYSEA Technology not only drives down costs and enhances industry efficiency but also makes significant strides towards improving the safety of underwater operations. The QYSEA team is ambitious, calculated in its strategies, and has a long-term focus. We are committed to supporting QYSEA Technology in its future endeavors.”
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