Terminus Group, a provider of smart city solutions through the application of artificial intelligence (AI) and the Internet of Things (IoT), has secured a Series D round of funding totaling 2 billion yuan ($276.4 million), led by AL Capital, a single-family office supported by Australian luxury property developer Aqualand Group.
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The round, which was co-led by the Chinese investment firm Yangming Equity Investment Fund, included participation from a number of state-affiliated investors, including Futian Capital, an investment platform supported by the Nanchang municipal government, and the investment platform of the National Development and Reform Commission.
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Other investors in the round included AI startup SenseTime, Hong Kong-listed financial behemoth China Everbright Limited, and Shanghai-listed commercial real estate business Gemdale Corporation.
“Terminus Group was established with a team of ambitious technologists. Our shared vision was to build a platform that bridged the gap between AI and IoT (AIoT) in anticipation of what we now know as the “intelligence economy.”
About Terminus Group
Terminus Group’s goal is to build a world that is more intelligent and connected. They use AIoT technology to make life better. Leading AI smart service provider Terminus is utilizing AI and the Internet of Things (AIoT) to shape the next wave of technology. Being mission-driven, they are dedicated to offering our partners and clients top-notch solutions with an emphasis on robotics, sustainable development, and AI cities.
