Business, Gadgets & Electronics

Chinese Smart Lighting Company Gains CNY50 Million Investment

Chinese smart lighting company Qubic recently announced that they gained CNY50 million pre-A round funding from investors Plum Ventures and Cyanhill Capital.

Founded in 2014, Qubic focuses on the integrated application of intelligent lamps and central control platforms. At its founding, the company says it gained CNY22.5 million angel investment from Yunfeng Capital.

Qubic's founder Huang Xiaojun is a well-known figure in the smart lighting industry in China. He once led a major LED lighting project in 2010. In addition, he is an angel investor for Yeelight, the smart lighting company in Xiaomi's supply chain.

According to Huang, Qubic's product ecosystem is formed by super switches, super lamps, wireless small switches, and an app. It adopts Zigbee and WIFI wireless communications protocols and can support the control of 5,000 lamps simultaneously. The company hopes that with the new funding, they can launch new consumer and commercial lighting products with adjustable color temperature and brightness.

Moreover, Qubic announced the launch of an "eco partner program for 2016" to establish a channel system via online and offline cooperation modes. Qubic will cooperate with well-known designer brands, furniture brands and lighting brands in addition to its owned stores and franchised stores. And the company will form a strategic partnership with Dcdy.cn, a building material centralized purchasing platform in China.

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