Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
02.21.24
Pillsbury advised Sumitomo Corporation Equity Asia Limited (SCEA), the Asian private equity arm of Sumitomo Corporation, in participating in a Series A investment round for AILINK, a high-tech company focused on the construction of infrastructure and providing solutions in the field of industrial 5G private network.
In addition to SCEA, Intel Capital, Shenzhen Angel FOF, TCL-CIC Capital, Puxin Capital, Singtel Innov8 and HuaDi Capital participated in the funding round, which totaled ¥150 million.
According to a company press release, the raised funds will further enhance AILINK’s research and development of core products in industrial 5G and industrial intelligence, accelerate deployment and promotion in more industries, drive large-scale commercialization in key industrial segments and expedite expansion into overseas markets.
Click here to read the official press release.
The Pillsbury deal team included Corporate partner Jenny Liu and associate Wenjun Cai.