Workforce management solutions provider GaiaWorks received USD 19.5 M for Series B+
Founder: Zhang Xinbo
Founded in: 2009
Financing status: RMB 130 million (USD 19.5 million) for Series B+ financing in 2017
Workforce management solutions provider, GaiaWorks, received USD 19.5 M for Series B+ on August 22 to accelerate its business development.
In the past, labor was relatively cheap, abundant, and easily managed due to its small scale. Today, the situation is much different. Firstly, it is hard to recruit blue collar workers, as the labor costs have risen substantially. Making good use of and retaining workers has become the focus of attention in the workforce management industry. Therefore, many large companies with a large number of employees are trying to optimize their management through third-party companies. One SaaS provider of Workforce Management, GaiaWorks, landed Series B+ with its smart solutions.
GaiaWorks is a workforce management solutions provider that provides enterprises with efficient workforce management solutions through SaaS. Its solutions cover checks on work attendance, intelligent scheduling, work hours recording, and workforce optimization. It helps enterprises accurately control labor costs, improve labor efficiency, avoid compliance risk, and improve employee satisfaction through its workforce management solutions.
Founded in 2009 in Suzhou, its workforce management solutions currently cover more than 400 enterprises with over 600,000 workers in 12 countries, including China, India, Thailand, Singapore, Japan, Korea, and Malaysia. Its enterprise partners are mainly from four industries, including manufacturing, chain retail, knowledge work, and electricity supplier logistics.
This new financing round was led by Warburg Pincus, with existing investors Matrix Partners China participating. The capital will be used to develop software for smart phones, integrating its solutions with cloud computing technology to boost workforce management efficiency. Additionally, it is expanding its business to more areas for larger market influence.
AR technology provider EasyAR receives nearly USD 15M in Series A+
Founder: Zhang Xiaojun
Founded in: 2014
Financing status: Nearly RMB 100 million (USD 15 million) for Series A+ financing in 2017
AR technology provider, EasyAR, received nearly USD 15M in Series A+ on August 22 to expand its technology to more industries.
EasyAR is an AR (Augmented Reality) technology provider that provides its partners with AR technology support to help them save time on developing AR platforms.
Currently, it is working with Auto e-commerce platform Autohome.com to launch auto shows online through EasyAR’s AR technology support. It enables customers to know more details about autos they are interested in online through smart devices. Its AR auto show lasted for five days, and gained 414 million views online. The cumulative number of exhibitors reached 10.8 million. Compare that to the traditional auto show in Shanghai in April, which lasted ten days and attracted only one million customers.
Founded in 2014 in Shanghai, EasyAR maintains a long term cooperative relationship with many well-known enterprises, such as Xiaomi, China Merchants Bank, Alipay, and Microsoft.
EasyAR grabbed this Series A+ financing round led by Autohome.com, and plans to use the funds to invest in the research and development of new AR technologies, and expand its business to more scenes in more industries.
(Top photo from 58pic.com)