November 18, 2020 -- Beijing, as China's leading AI decision optimization high-tech enterprise, Sanshu Technology announced that it had completed the B round of financing in March 2020, and introduced Vanke Group and Tianren Investment two important strategic shareholders, the financing amount of nearly 100 million yuan, the funds will be mainly used for product research and development and promotion, team building, etc.
Based on the world's leading deep-level data optimization algorithms and the solving ability of complex decision models, Cardinal Optimizer (COPT), the first self-developed mathematical programming solver in China, is the first industrial solver in China. Its appearance makes up for the gap of high performance optimization solver demand in the domestic market. With solver as the core technology system and industrial product platform, Shanshu Technology has served nearly 100 leading enterprises in aerospace, industrial manufacturing, energy, logistics, retail and consumption, e-commerce and other industries, committed to helping customers solve core business decision-making problems in manufacturing and supply chain and other key scenarios.
Photo: Luo Xiaoqu, co-founder and CEO of Shanshu Technology, answers questions from reporters
The global economy has entered the post-COVID-19 era. China's economy was the first to resume work and production, and its GDP grew from negative to positive in the second quarter. However, the epidemic is still spreading around the world, and such uncertainties will persist. In a complex environment, Sugigu Technology still maintains R&D investment, and has continuously reached cooperation with a number of industry giants, and the overall business growth bucking the trend.
Outstanding performance and the capital market generally optimistic is not without reason, Shanshu number technology strong growth behind the deep technical "confidence". With its own strong research and development strength, Sanshu Technology has broken the international market monopoly in the field of mathematical solution, built China's first commercial linear programming solver COPT, and has been ranked four times in the international open test platform, and the test results are among the best. In October 2020, Sugi-Su Technology launched the linear programming interior point method solver, which makes the overall technical framework of COPT more comprehensive, and its performance is comparable to Gurobi and MOSEK, ranking among the world's first-class level. In the next 2-3 years, we will continue to focus on the development of interior point method and integer programming in linear programming, as well as the most difficult and meaningful mixed integer linear programming (MILP).
At the Fifth Plenary Session of the 19th CPC Central Committee, the government placed "independent innovation in science and technology" at the core of the overall modernization drive. As a leading enterprise in the field of artificial intelligence decision-making, Sanshu Technology actively practices independent innovation, uses innovative technologies and products to solve the "bottleneck" problem, and solves the urgent demand of domestic enterprises for decision optimization technology.
Now, Shan number optimization solver COPT has been successful for many industry enterprises to provide decision optimization technical services, to help enterprises solve production optimization, inventory optimization, transportation optimization, marketing strategy optimization and a series of optimization problems in the scene, service customers including China Southern Airlines, China Post, the State Grid, six countries chemical industry and many well-known enterprises. After cooperation with Sanshu Technology, a domestic ICT giant has realized the core localization transformation of its troubleshooting engine. In terms of model modeling optimization, COPT solver is combined with customized transformation, which accelerates the whole solving process and ultimately reduces the overall daily solving time significantly.
The long-term development of enterprises not only needs excellent technology, but also needs a clear business strategy layout. In the initial stage of development, Sanshu Technology verified many highly complex business scenarios by solver technology, and realized the accumulation of benchmark customers. At the present stage, Sanshu Technology will build an end-to-end industrial product platform from data processing to modeling, to solving calculation and then to output under the support of the core technology engine. At the same time, Sugu Technology is actively building a partner ecosystem, through sincere cooperation with cloud manufacturers, industry system integrators and top consulting companies, to jointly build end-to-end industrial Internet service capabilities. In the future, Shanshu Technology will rely on the product platform and cooperation ecology to achieve rapid replication and scale growth.
2020 is the first year of the 14th Five-Year Plan. National economic development and major projects are in urgent need of strong support from the science and technology industry. The successful financing of Sugigu Technology also proves that the capital market continues to be optimistic about the future development of the intelligent technology industry. As a leading enterprise in the field of intelligent decision-making in China, Sanshu Technology will adhere to independent innovation, increase investment in the research and development of decision-making optimization technology, and continue to develop vertical industries while consolidating its own advantages, so as to help more Chinese enterprises allocate resources more efficiently and inject "new driving force for decision-making" into the digital transformation of enterprises.
