Recently, Shanghai SmawaveTechnology Co., Ltd. announced that it had obtained a hundred million RMB offinancing A. This round of investment was led by Oriza Seed and Volcanicsventure, with Ecovacs and Nanjing Jiangbei Sci-Tech Investment Co., Ltdco-investing. The funds will be used to increase the R&D investment andmarket expansion of Smawave Technology.

Smawave Technology wasestablished in September 2019, which focuses on providing 5G intelligentindustrial Internet products, providing an overall solution based on 5Gtechnology for industry or industrial digitization, and helping the industry toachieve digital transformation. Since its establishment, Smawave has developedrapidly. and won the qualification of "National High-tech Enterprise","Top 50 Entrepreneurs with the Most Potential Investment inShanghai", "Makers Innovation and Entrepreneurship of ChineseSMEs" and other honorary titles in 2020.

Smawave Technology iscurrently the only global strategic partner of Nokia Industrial Internet andthe partner of ZTE and Alibaba Damo Academy. Smawave has completed 5G industrialInternet products, with the world's most comprehensive spectrum equipmet. Ithas achieved completely independent research and development, with the fullrange of development capabilities of 5G and AI, and has successfullyimplemented the application of 5G industrial Internet in many industries.Smawave Technology is committed to becoming a leader of industrial Internetintelligent devices, empowering high-end AI products, and helping customersachieve high efficiency and obtain super quality experience.

After the completion offinancing A, Smawave Technology will continue to deepen the industry market,increase the investment in in-depth learning technology and machine visiontechnology, relying on the advantage of 5G technology, Smawave solves the painspot of traditional industries with 5G+AI technology, open up the industrychain, and make more industries become beneficiaries of technology development.

Mr. Jinxin Le, partner ofOriza Seed, said: "Oriza Seed makes a deep layout around industrialdigitization and digital industrialization. In the present it is the windowperiod of digital economy infrastructure construction. The investment in theunderlying technology and core devices in computing, sensing, transmission,presentation and other links will bear a broad opportunity for the digitaleconomy explosion in the future. We are pleased to join hands with Smawave, amature team that has mastered the core technology and can fully understand theneeds of the scene, to embrace the digital revolution, to deliver Chinesequality links and services to global customers! "

Mr. Suyang Zhang, foundingpartner of Oriza Seed, said: "5G will have 100 billion addresses at leastin the future, most of which will be for various devices. Various devices willbe connected to generate data through 5G. After the processing of big data andAI, feedback and new definitions will be put forward to the functions andapplications of equipment. Therefore, for a long time to come, the world willbelong to the Internet of Things. At present, Smawave is the leader in thisfield in the Internet of Things of 5G application. We are optimistic about thefuture development of Smawave Technology, helping enterprises achievedigitization in the global scope and promoting higher level development. "