South China University of Technology spinout POI-Tech is working on industrial internet applications and will use some of the money to expand R&D activities.

POI-Tech, a China-based industrial internet technology spinout of South China University of Technology, has closed a $15.5m series A round co-led by Shunwei Capital and Matrix Partners China, according to DealStreetAsia. China Science and Tech-Innovation Capital Management also took part in the round. It was identified as a returning shareholder, though details about POI-Tech’s earlier…

The rest of this content is only accessible to University Venturing: News, Data and Events - Global University Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.