Toutiao leads online document collaboration tool Shimo’s Series A to build team, & more

Online document collaboration tool Shimo receives Series A led by Toutiao


Founder: Wu Bing

Founded in: 2014

Financing status: Undisclosed Series A financing in 2017

Online document collaboration tool, Shimo, received Series A led by Toutiao on November 21 to expand its team.

Shimo is a cloud-based online document collaboration tool that enables multi users to edit the same document in real time. Without the need to send documents, users can vastly improve their work efficiency. Unlike other traditional collaboration tools that just move the offline tool online, Shimo designs its tools using Chinese cultural aesthetics.

Shimo’s online document collaboration tool are available on iOS, so users can share their documents with their collaborators via email and WeChat, as well as the collaboration platforms Teambition and Worktile.

Users can enjoy Shimo’s basic services–which supports five editors at a time–for free. It also released an advanced edition that includes unlimited collaborators, unlimited cloud storage for photos, and priority technical support for RMB 9 (USD 1.36). Additionally, Shimo also released an edition for businesses, which charges a subscription fee of RMB 216 (USD 32.58) per user, which supports various enterprise-only features.

Founded in 2014 in Wuhan, it has more than one million individual users on their basic and advanced edition, as well as over 1000 enterprise users who pay for Shimo’s enterprise edition.

This new financing round was led by Toutiao, a new aggregator giant in China, with Wuhan Optics Vally Elite Investment Management Co.Ltd. participating as investors. The capital will be used to further invest in its enterprise edition to add more features, as well as build consultant services and a sales team.

Photo from Baidu Images.

Industrial robot supplier Rokae receives USD 6M for Series A


Founded in: 2015

Financing status: RMB 40 million (USD 6 million) for Series A financing in 2017

Industrial robot supplier, Rokae, received USD 6 million for Series A on November 21 to promote its robotic products to more industries.

Rokae is a Chinese lightweight industrial robot supplier that provides industrial robots, industrial robot control systems, and industrial automation solutions for computer, communication, consumer electronic (3C), auto, textile, food, and medical industries. Based on Rokae’s algorithm of robot dynamics, it can not only improve the movement speed of robots by 30%, but also maintain an extremely high rate of motion accuracy.

Founded in 2015 in Beijing, Rokae has established a research and development production base for industrial robots in Shandong, which covers an area of more than 20,000 square meters. Additionally, it includes industrial robot production, assembly, testing, after sale, system, and so on, and can meet an annual output demand of 2000 units.

This Series A financing round was led by THG Ventures, with existing investor Delian Capital participating. The company plans to use the funds to invest in the research and development of new robotics products for more industrial scenes, as well as run market expansion plans to promote its robotics products.

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Kaikai Shi

Kaikai Shi writes for us. He holds a bachelor's degree in Biotechnology at Zhejiang University. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.

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