Sewingtech hits big in financing round

Sewingtech, founded by former head of the pan-tilt algorithm at drone leader DJI, has raised tens of millions of yuan in its angel round of financing from the cutting-edge technology fund of investment firm Sinovation Ventures.

According to the company, the fresh fundraising round will be used to promote the research and development of products and client authentication.

Liu Shuai, founder and CEO of Sewingtech, said the company will create an intelligent sewing robot solution without many wastage iterations, and can improve efficiency for factories.

"We hope to truly empower the traditional garment manufacturing industry with advanced automation technology. The ultimate goal is to make the manufacture of ready-to-wear clothes easier, cheaper and more efficient," Liu said.

chengyu@chinadaily.com.cn