China decision-making software provider raises $73m

The investors are Yuexiu Industrial Fund, a unit of property and infrastructure company Yuexiu Group, and Guokai Manufacturing Transformation and Upgrading Fund, which is managed by China Development Bank Capital.

Founded in 2016, Cardinal's key asset is an artificial intelligence-based computing engine that supports enterprises’ decision-making processes. It claimes to have served customers such as Huawei, Xiaomi, JD.com, and Foxconn.

The idea is to build models based on the client’s goals by inputting enterprises’ scenario descriptions.

In logistics, for example, the technology can optimise delivery routes for thousands of orders in several minutes, taking into account requirements such as the shortest path or the highest efficiency. In the same way, a restaurant chain can automatically optimise its daily restocking plan for each outlet based on sales, cyclical changes, and the expiration of inventory.

Cardinal also notes that it can help e-commerce platforms set real-time pricing as well as adjust marketing strategy. Meanwhile, manufacturers are said be able to adjust their order management plans with consideration for specifics around production capacity and raw material supply.

Enterprise software in this vein has been an active area of investment in China. In the past two weeks alone, robotic process automation (RPA) provider 1Data raised a CNY 200m Series B led by CDH Investments, while fellow RPA player Naturobot raised a USD 10m round ledy by Shunwei Capital.

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• Topics
• Greater China
• Technology
• Expansion
• China
• enterprise software
• China Development Bank