Leinao, an intelligent technology firm in Hefei, recently announced that it has raised more than 100 million yuan ($14.87 million) in Series A funding.

The company received an angel investment boost from an industrial investment company based in Hefei in 2018.

The Series A funding this year was led by Hefei Industrial Investment, with additional investments from JC Capital, CDF Capital, Huafu Jiaye, Quantum Fund, and Guoyuan Equity.

The money will be used for technological research and development, product upgrades and market layout in the field of energy intelligence, according to the company.

Established in the Hefei National High-tech Industry Development Zone in 2017, Leinao focuses primarily on energy internet and has a wide range of interests in the construction, education and transportation sectors.

Staff members celebrate the third anniversary of the establishment of Leinao. The company has a strong R&D team to support its AI development. Its R&D personnel, including 15 AI doctors from home and abroad, account for more than 60 percent of its staff. [Photo/WeChat account: hefeigaoxinfabu]