Pu-Ying Innovation Technology Corp. Ltd raised a total of 100 million Yuan in funding from Infotech, a national venture capital group specializing in investments in start-up companies and emerging industries.
After only two years since its foundation in 2016, Pu-Ying has now received the second round of investment from Infotech after the first Round A founding in 2016.
Infotech VC is one of the three largest funds for the strategic and emerging industries with 10 billion Yuan assets as of today.
Pu-Ying Innovation is rooted in the FinTech industry, as a supplier, manufacturer and also R&D leader in specialized printing and scanning equipments and solutions. After the acquisition of the Olivetti banking&postal business in March 2016, Pu-Ying managed to successfully reshape the supply chain, transfer the sales channels globally and enhance its worldwide leader position in the specialized printing, smart scanning solution and high-end print heads field.
Thanks to the new funding received, Pu-Ying Innovation is on the fast track of development and in the next 3-5 years, while securing a leadership position in current businesses, the company will invest in research in digital transformation, biometric recognition technologies and advanced security authentication technologies.