Another hot track! Well-known cross-border company received 100 million yuan in Series C financing

With the bright prospects of the smart audio and video market, many domestic companies are penetrating into overseas markets with their product strength, ushering in rapid development and gaining favor from the capital market.

"Frog Voice Technology" announced the completion of 100 million yuan in Series C financing

Recently, "Frog Voice Technology" announced the completion of a C round of financing of 100 million yuan. This financing was led by the founder of a listed company, followed by Haochen Capital and Yuanwang Capital.

It is worth mentioning that this is not the first round of financing for Washeng Technology.

On June 29, 2018 , Frogsound Technology completed its angel round of financing. The amount of financing was not disclosed to the public. The investment institution was Yuanwang Capital .

On October 16 , 2018 , Washeng Technology completed strategic financing. The amount of financing was not disclosed to the public. The investment institution was Tongxing Wealth .

On January 8, 2021, FrogSound Technology completed a nearly RMB 100 million Series A financing round , led by GGV Capital, followed by Eastern Bell Capital and Yuanwang Capital. The financing funds will be used for new product development, sales channel expansion, brand publicity and promotion, etc.

On July 13, 2022, "Washeng Technology" completed a RMB 100 million B round of financing, led exclusively by Jinpu Investment, followed by old shareholders such as Yuanwang Capital, GGV Capital, and Haochen Capital, and Wanshi Capital served as the exclusive financial advisor. This round of financing will be mainly used for product research and development and iteration, and to launch more differentiated software and hardware products and smart conference solutions.

Up to now, Washeng Technology has won 5 rounds of financing , which shows the full recognition of Washeng Technology by the investment market.

Public information shows that Frog Sound Technology Co., Ltd. was established in May 2018. It is a company that focuses on audio and video equipment for conference scenes and is committed to the research and development and production of intelligent audio and video hardware . The product matrix covers conference microphones, cameras, all-in-one machines, smart whiteboards and other forms , suitable for conference needs and office spaces in different industries.

Currently, Washeng Technology owns three major brands: Hamedal, NEARITY and Nuroum.

Since its establishment 5 years ago , Washeng Technology has accumulated more than one million customers and served more than 6,000 conference rooms worldwide, covering multiple sub -sectors such as finance, education, medical care, and the Internet .

Frogsound Technology began to enter the overseas market in the second half of 2021 and has achieved good results so far .

In 2022, overseas market revenue accounted for 70% of Frogsound Technology's total revenue , and its overseas offline business has covered countries and regions such as Europe, Japan, and Southeast Asia . The company's products have been widely recognized by overseas consumers.

The sales performance of FrogSound Technology on e-commerce platforms such as Amazon is also growing rapidly. At present, FrogSound Technology's online business has covered many countries and regions such as the United States, Canada, Germany, the United Kingdom, Italy, Spain, etc. From 2021 to 2023, FrogSound Technology's monthly online revenue has grown from zero to millions of dollars.

In order to meet the needs of overseas markets, Washeng Technology is also constantly enriching its product categories and increasing the online layout of a variety of products, including personal office headphones, cameras, handwriting tablets, and live broadcast equipment.

From 2020 to 2022, the revenue of Frogsound Technology increased from 50 million to 500 million yuan, winning the favor of thousands of leading companies at home and abroad, and driving the rapid growth of the company's performance.

The fact that FrogSound Technology has been recognized by consumers in the global market is inseparable from its strong product strength and technological advantages.

FrogSound Technology is completely based on independent research and development, with independent intellectual property rights in full-duplex acoustic technology, effective noise suppression technology, speaker tracking technology, beamforming technology, and the first multi-microphone array cascade technology and portrait split-screen splicing technology in China. Since the company was founded, FrogSound Technology has successfully developed a full range of products from smart audio and video products to smart whiteboard Nearhub SaaS.

At present, Washeng Technology's product iteration speed and R&D capabilities are in a leading position in the industry.

In terms of video technology, audio technology and hardware, Washeng Technology has certain advantages.

In terms of video technology, in order to optimize communication scenarios, Washeng Technology has developed AI speaker tracking technology and seamless real-time image stitching technology. It can track the speaker and integrate the images of the participants to present close-up images of each participant.

In terms of video technology, Washeng Technology has developed full-duplex acoustic technology . Relying on AI+ noise reduction, dereverberation, and residual echo suppression algorithm capabilities , it can accelerate the integration of AI audio processing technology and traditional voice front-end signal technology .

In terms of hardware, the first five-level cascade technology can also be connected in series with other NEARITY devices to help start cloud meetings efficiently.

Frogsound Technology said that in the future the company will continue to increase its independent research and development and technological innovation efforts, provide more conference and education solutions, improve product performance and quality, and provide customers with high-quality, intelligent products and services.

Smart audio and video market ushers in new development opportunities

In recent years, with the popularization of mobile Internet and the widespread application of smart terminal devices , the demand for smart audio and video products has continued to rise.

The application scenarios of smart audio and video products are becoming more and more extensive. They can be applied to popular fields such as online education, social entertainment, interactive e-commerce, etc. They can also empower finance, government and enterprise services, loT, medical care, etc.

FrogSound Technology 's products are widely used in remote conferencing scenarios. As we enter the post-epidemic era, people can't help but worry that the demand for products will decline.

Xin Xin, CEO of Frogsound Technology , believes that the remote conferencing market is not developing rapidly because of the epidemic . Its core driving force is the birth and growth of demand for hybrid office and remote collaboration in different locations. The epidemic has only accelerated the trend. The remote collaboration industry is in a critical period of continuous growth . In the future, any company will have the need for remote work .

In addition, Frog Voice Technology is constantly enriching its product categories, including personal office headphones, cameras, stylus tablets, and even live broadcast equipment.

In an era where short video live streaming is king , smart audio and video products are widely used. Retailers can provide customers with high-quality live product content remotely, and customers can place orders online while watching the actual products . Retailers also use audio and video technology for after-sales service , which brings great convenience to consumers.

In addition to live broadcasting, real-time audio and video can also help companies reduce costs and increase efficiency through online and offline integration . For example, it can conduct pre-job training for personnel, remote visits, and product quality inspections . The financial, banking and insurance industries can conduct remote underwriting through real-time online communication .

Smart audio and video are no longer entertainment tools, but have transformed into productivity.

In summary, the smart audio and video track currently has broad development prospects. For related companies, they can actively enter the international market, select the right segmented track, and participate in international competition.

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