Location: Home >Posts> Sequoia China and Dachen Caizhi led the investment, and the domestic industrial software company UDS completed the A round of financing of 250 million yuan

Sequoia China and Dachen Caizhi led the investment, and the domestic industrial software company UDS completed the A round of financing of 250 million yuan

Recently, UDS, a domestic Industrial software company, completed its A-round financing of 250 million yuan, led by Sequoia China and Dachen Caizhi, followed by Shangqi Capital and Qiancheng Zheling Capital, a subsidiary of SAIC Financial Holdings.

It is understood that this round of financing will be used to continuously expand R&D investment, accelerate product development and recruit more senior talents.

Zhou Kui, partner of Sequoia China, said: The goal of manufacturing a powerful country calls for the accelerated development of my country’s Industrial software. After nearly two decades of development, UDS has accumulated profound research and development capabilities, industry knowhow and best practices, and has complete CAX/PLM products. Matrix capabilities.

At the same time, UDS announced that Wang Wenhua, former vice president of Siemens Digital Industry Software China, has been hired as the new president of UDS. Previously, Wang Wenhua was in charge of the business and industrial development of Siemens Industrial Software Innovation Center. During his ten years at Siemens, he developed a new incremental business model based on building an industrial ecology, including combining with government industrial guidelines and policies. Prior to this, he successively worked in CA, SUN and ORACLE companies in the United States.

Shanghai UDS Industrial Software Co., Ltd. (UDS) was established in September 2009, focusing on providing industrialized digital transformation and intelligent manufacturing innovation service solutions as well as supporting application technologies and implementation services for high-end R&D and manufacturing enterprises. The company has a software R&D headquarters in Pudong Software Park, Zhangjiang Science City, Shanghai, a dedicated PLM technology service center in Shanghai, Nanjing, and Suzhou, and a digital manufacturing simulation service center in Wuxi. UDS has successively served more than 2,000 customers in industries such as automobile and transportation, mold and general machinery, electrical and equipment manufacturing, high-tech electronics, and fast moving consumer goods (daily chemical and dairy beverage manufacturing).

It is worth mentioning that UDS has started strategic cooperation with Siemens Industrial Software since 2008, and has been awarded the Siemens Global Platinum Partner for 17 consecutive years. The mid-end solid edge series, the specific content of cooperation is to provide digital solutions based on Siemens digital industrial software, and provide comprehensive and practical professional training, system application implementation and operation and maintenance services. The specific cooperation products include: NX CAD/CAM, SIMCENTER, TECNOMATIX, OPCENTER, and TEAMCENTER product lifecycle management system (PLM) and other software and solutions.

It is understood that UDS plans to release the embedded data management software of Qingyi CAD in March 2023, starting to provide a cost-effective and easy-to-use new choice for the integration of product design and management needs of small and medium-sized enterprises. As the current trend of simulation design integration in the industry is becoming more and more obvious, UDS also plans to release other independent software of the Qingyi series during 2023-2024, and finally form a matrix of CAX/PLM basic industrial software of the Qingyi series.

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