Chinese edtech startup Sunmnet closes B+ funding round to accelerate IPO
2023-04-05 13:47:13

Sunmnet, a Guangzhou-based edtech startup focusing on data intelligence, announced recently that its closed its B+ round of financing led by Cybernaut, with the participation also from individual investors. The financing amount has not been disclosed.

Founded in 2009, Sunmnet is committed to innovating the application scenarios in the field of smart education and is a leading high-tech enterprise specializing in information technologies such as big data, artificial intelligence, facial recognition, and the Internet of Things.

To date, the company has closed four rounds of financing and is planning to apply for IPO after its C round of financing. 

"We are focusing on promoting the construction of smart campuses in universities, utilizing the deep integration of new technologies and education to promote deep changes in educational models." Said Wang Xiying, the Chairman and CEO of Sunmnet.

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