Recently, Cyclone, a well-known RPA software and solution provider in China, completed its round B financing, raising nearly 40 million US dollars. This round of financing is initiated with Matrix Partners China as the lead-investor, DCM, the old shareholder, as the major co-investor, LCIG, Source Code Capital, and R-Z Capital as co-investors, and 100 Summit as the sole financial consultant. After this round of financing, Cyclone will continue to increase its investment in product development and market expansion, keeping its leading position in China’s RPA market.
Established in 2015, Cyclone is headquartered in Shanghai, and have set up branch offices in dozens of cities at home and abroad, including Beijing, Shenzhen, Guangzhou, Chengdu, Nanjing, Hangzhou, Wuxi, Xi’an, as well as Singapore. We also have a R&D center in Silicon Valley, USA. In 2019, it raised over 10 million US dollars in its round A financing from DCM and Source Code Capital, then has constantly invested in products and technologies, and maintained rapid business growth. Today, Cyclone RPA products and solutions have served hundreds of customers in China, covering various sectors like finance, banking, insurance, power supply, energy, government, public security, manufacturing, retail, logistics, high technology. In addition, Cyclone has also reached strategic partnership agreements with many well-known companies, including business, technology, ecosystem, channel and academic alliance partners.
As the first company in China to build an intelligent automation RPA platform for enterprise business workflow, Cyclone, by putting Machine Learning, Deep Learning, Data Processing and Knowledge Engineering and other technologies together in an innovative way, provides customers with robust and flexible platform-based RPA products and solutions for all-round business automation, and has made many breakthroughs in the field of industrial IoT.
Zuo Lingye, business partner of Matrix Partner China, said, "RPA is like a racing track that has been tested outside China. It is explosively growing in China, and has a huge potential market. It is ideal in handling cross-system and repetitive tasks with numerous data sets in a company. We believe that RPA will be gradually transitioned from optimizing single-point business process to optimizing the platform and system. It will be a business operating system and intelligent center in a company that can be flexibly built. Cyclone has a team with the top comprehensive strength in RPA field. We have the most forward-looking product concept and planning in the world in R&D, and is a pilot in implementing the RPA 2.0 architecture at a platform level. Focusing on China’s large ToB market in its commercialization, we are dedicated to expanding various vertical industries such as finance, energy and government, and continuously close big deals for our major customers. Under the historic market opportunity, we are confident that Cyclone will become the leader in RPA industry to achieve leapfrog development.”
Zeng Zhenyu, managing partner of DCM, said, "As the lead investor in Round A and the major co-investor in Round B, DCM is optimistic about China's RPA market and the potentials of Cyclone’s team. As the labor cost continuously soars, and China's enterprises are adopting the digital transformation strategy, China's RPA market is undergoing rapid changes. Cyclone’s team is advancing in the market with its extraordinary technological capabilities in product development and its marketing power. DCM is willing to support Cyclone in the long term to lead China’s RPA market.”
Cyclone RPA platform can achieve centralized management of robot clusters, all-round real-time analysis of business data, and automatic analysis, mining and discovery of business processes. It can help build, test, and maintain multiple AI capabilities as required in RPA. It also supports cross-platform deployment in the environments from mobile, desktop, server, IoT to private cloud, and help automate complex business processes across systems and steps based on many application environments, operating system environments and business environments. It can help customers realize intelligent automation of all business scenarios from data center to office, then to factory and outdoor mobile environment, etc.
LCIG, as a new investor, has always put the intelligent Internet as its focus in investment. He Zhiqiang, senior vice president of Lenovo Group and president of Lenovo Capital and Incubator Group, said, "Cyclone combines RPA with artificial intelligence and other technologies to improve the overall efficiency of business workflow. It demonstrates its impressive capabilities in technology platform, product development and commercialization. In addition, Cyclone's core team has more than 10 years of experience in the large ToB field and has built a strong industrial and technological fortifications, pushing RPA to a new level and accelerating the pace of the digital transformation in various industries in China.”
As an old shareholder of Cyclone, Zhang Xingchen from Source Code Capital, said, "Cyclone has proved its outstanding product, sales and delivery capabilities, and is now furiously growing from RPA to RPA + AI. I believe and value the team very much. They will definitely create better outcomes in the future!”
Ke Weijiang, founding partner of R-Z Capital, said, "When we engage ourselves with Cyclone, we feel that this is a team with product dreams. The team has a deep foundation in technology, product and AI capabilities. It understands its customers’ needs well, and shows extraordinary strengths in business expansion and brand building. R-Z Capital is very optimistic about Cyclone's future.”
Gao Yuguang, founder and CEO of Cyclone, said, "Since last year, we have determined our product development strategy of coordinated innovation of "Endpoints + Platforms", in order to promote the all-round development from the existing RPA core products to the next generation enterprise intelligent automation platform hub. Cyclone will continue to target product and technology, listen to our customers’ real voices, and meet customers’ rigid demands in their core businesses.”
In the future, the business scalability and adaptability in the traditional large static business systems will be handled in the flexible, non-disruptive, easy-to-build, easy-to-manage RPA solutions. RPA will become a new business intelligence center to reshape industrial Internet, and one of the mainstream architectures for the next generation enterprise applications. Gao Yuguang also emphasized that, as core scenarios in RPA are broadened, and core technologies see constant breakthroughs, and many technologies (like AI, comprehensive data perception and understanding, process modeling analysis and optimization) are being incorporated into core technological stack of RPA, RPA will still maintain its fast growing momentum in the future, driven by the vision of enterprise digital transformation, including the further broadening of RPA scenarios, and the implementation of new technologies in RPA projects, etc.
Cyclone is willing to join hands with all parties in this field to accelerate the digital transformation in all walks of life in China. We believe that the era of RPA Everywhere and RPA Anytime is coming soon.
