Centurium Capital Re-ups Investment in Auto Parts SaaS Platform Leader AutocloudPro in C+ Round2019-09-03
September 2, 2019, Beijing – AutoCloudPro, a leading auto parts SaaS provider and online supply chain platform in China, announced today that it has completed C+ financing led by Orient Hontai Capital and participated by Centurium Capital.
Founded in December 2014, AutocloudPro has completed a number of financing rounds, attracting investors including FH Capital, Mytech China, Taoshi Capital, Matrix China, Qingsong Fund, ShouTaiJinXin Fund, Lang Sheng Investment, Star VC and Centurium Capital.
Hao Dingwen, Founder of AutocloudPro, commented that the company is positioned as an asset-light and service-oriented platform, and its intelligent cloud-based warehouses are directly connected with upstream suppliers through more than 30 kinds of mainstream ERP software.
AutocloudPro serves over 35 insurance companies in China and works with over 70,000 auto repair factories as well as auto dealers on AI-enabled auto damage assessment, auto parts purchase, repair and claim settlement.
According to Hao, the fund raised will be mainly used to increase the company’s data capability, upgrade of AI damage assessment system and regional expansion. In addition, AutocloudPro plans to gain access to more core resources through deeper collaborations with auto repairers and logistics companies.
David Li, Chairman and CEO of Centurium Capital, commented, “Since our first investment, AutocloudPro has made significant progress on its database and AI-based damage assessment capabilities. Going forward, we will continue to support the company in expanding its resources network, operation and financings to solidify its leadership position.”