Envision Digital secures $210 million fund, round led by Sequoia China

Artificial Intelligence and internet technologies software provider, Envision Digital has secured $210 million, led by venture capital firm Sequoia China and backed by Singapore sovereign wealth fund GIC.

 

As per the company, Envision Digital, part of Chinese renewable firm Envision Group, said the Series A funding will help to expand its operations and fund additional research and development activities.

 

“We are confident of the long-term growth potential of Envision Digital,” Choo Yong Cheen, chief investment officer of private equity at GIC said in the statement.

 

The company said that its proprietary tech operating system connects and manages more than 200 million smart devices and 400 gigawatts of energy assets globally.

 

The company has over 900 employees and has 13 offices across Britain, France, China, the United States and others. Envision Digital’s more than 500 customers and partners span the retail, industrial, energy and transportation sectors.