VR Network has learned that a third-party technology provider, which recently offered services to real estate developers, has successfully closed an A+ funding round of 26 million yuan. The funds will primarily be allocated to the expansion and development of sales channels. This financing was led by Tongchuang Waiye, with Huiyou Capital also participating in the round. In October 2016, the company had previously secured a 25 million yuan round of funding led by Venture Capital Ventures, with Chipbon Technology as a follow-on investor.
According to reports, Siwei Technology was founded in August 2011, with a core focus on 3D production technology. The company offers integrated services that combine display, distribution, and data tracking solutions. Currently, the company employs around 120 people, with research and development centers located in Shenzhen and Zhuhai.
Siwei Technology provides real estate companies with a full-platform 3D interactive display solution that includes 3D mobile field, VR virtual reality, AR augmented reality, and customized micro-building books. By leveraging the WeChat platform, which is known for its strong social connections, the company can accurately deliver information such as 3D models of sand tables, locations, model rooms, and surrounding gardens to consumers. The fidelity and other performance metrics of the model rendering have reached a high level within the industry.
According to the data, Siwei Technology has served over 150 developers, including top-tier real estate companies like Country Garden, Vanke, and China Shipping. Among the top 50 developers, the penetration rate exceeds 80%, and the repurchase rate among clients who have already worked with the company is over 90%. This impressive track record highlights the company's strong market position and customer satisfaction.
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