1Data (壹沓科技), a Shanghai-based startup offering robotic process automation (RPA) technologies, raised 200 million yuan (US$29 million) in a Series B round of funding recently, led by CDH Investments VGC, followed by Pernod Ricard, IDG Capital and Eastern bell Capital.
1Data roped in well-known investors like SIG, IDG, Eastern bell Capital and Sequoia China from the previous Series A and A+ rounds in 2020 and 2021, respectively.
With CDH and Pernod Ricard joining the shareholder structure, 1Data will likely bolster its product and technological strengths as well as its industrial value, according to a press release.
As general-purpose large language model (LLM) is disrupting the world tech landscape, 1Data looks to seize the opportunity to enhance its capabilities with a suite of technologies such as RPA.
“We will continue to consolidate our lead in markets including manufacturing, logistics and retail, to provide global users with cutting-edge RPA products and services,” said Bian Xiaoyu, founder and CEO of 1Data.
1Data specializes in RPA and has to date developed six core technologies, including RPA, packaged business capabilities (PBC), knowledge graph (KG), natural language processing (NLP), optical character recognition (OCR) and data mining.
Based on a platform consisting of RPA, AI and iPaaS technologies, 1Data builds and supplies digital robotic assistants to help automate the business processes of thousands of clients.
Its self-developed digital robot, called CubeRobot, aids white-collar employees in automating end-to-end, highly repetitive business scenarios and performing digital tasks. This enables employees to focus on creative work and decision-making, so as to generate greater value for businesses.
LLM, which has been a trending subject thanks to the phenomenal success of OpenAI’s ChatGPT, is also critical to 1Data’s growth trajectory.
CubeRobot, based on LLM, is able to analyze human-machine interaction and autonomously handle various sorts of issues that arise during business processes.
By tapping into smart tools, general business knowledge, industry know-how and expert experience, 1Data’s robot seeks to revolutionize office workers’ future way of work.
“We are firmly upbeat about 1Data’s deployment of its ‘RPA+AI+iPaaS’ platform, this will enormously elevate the efficiency and potential for logistics, retail and manufacturing,” said Guo Qizhi, a senior partner at CDH Investments VGC.
“At the same time, we also see how innovative and visionary 1Data is in adopting LLM. No doubt, this will increase the value of 1Data’s RPA products and bring significant improvements to the industry.”