Welcome!

News Feed Item

IngDan, China's Largest IoT Innovation Platform, Opens Experience Center in Silicon Valley

Partners with Tsing Capital and SVC Angel Fund to Expand Services to IoT Startups, Entrepreneurs

SANTA CLARA, CA -- (Marketwired) -- 12/01/16 -- IngDan, China's largest IoT supply chain platform, today announced the opening of its first U.S. IngDan Experience Center in the heart of Silicon Valley, increasing its number of global centers to six. IngDan also enters into partnership with Tsing Capital and SVC Angel Fund to expand financial services and resources to IoT hardware innovators and startups.

As part of IngDan's $35 million commitment to the region, IngDan's Silicon Valley Experience Center is a place where the public can touch, interact with and enjoy innovative IoT consumer products and interconnected tech gadgets for free -- from new robotics and innovative wearables to the latest smart toys. The center will also serve as a community hub for innovators and entrepreneurs to promote products and host workshops, events and forums.

IngDan's partnership with Tsing Capital and SVC Angel Fund bolsters each company's ability to more fully support their portfolio companies and community of entrepreneurs. IngDan can now capitalize on both funds to help entrepreneurs seeking capital infusion at various stages of growth. Tsing Capital and SVC Angel Fund in turn can leverage IngDan's extensive supply chain and access to local resources and to the Chinese market to help accelerate their portfolio companies' expansion.

Additional benefits include:

  • Increased access to U.S. and China investors and industry connections
  • Customized funding models for IoT and smart technology startups
  • Mentorship from global business, academic and financial leaders with domain expertise

"IoT is the next industrial revolution, poised to usher in a new golden age of innovation and economic progress" said Dr. Shipeng Li, CTO of IngDan and Cogobuy Group, IngDan's parent company. "Innovators and investors in the U.S. and China are paving IoT's early pathways to success. IngDan is committed to empowering IoT hardware innovators by connecting them to world-class investors, supply chain partners and marketing partners. And our experience centers enable the public to interact with the technologies of tomorrow, today, for free."

According to analysts, U.S. investments in IoT are expected to grow from $230 billion today to $370 billion in 2018. By 2025, total global IoT revenue from sales and services is expected to skyrocket to $3 trillion, with the U.S. and China neck-and-neck for market dominance. (source: IDC, MachinaResearch)

"This is a win-win relationship for Tsing Capital, IngDan, and most importantly for IoT innovators who are looking for funding and supply chain support," said Don Ye, founding managing partner, Tsing Capital. "With IngDan, we're excited to offer our portfolio companies a vastly expanded value proposition to help transform an early-stage IoT startup with a product idea and a vision into a formidable international player with an efficient and reliable supply chain reaching customers from around the globe."

According to Roy Kong, managing partner, SVC Angel Fund, "Venture capital in Silicon Valley has a profound impact on the pace of innovation around the world. SVC Angel Fund's legacy of investing in early-stage, intelligent technology startups in Silicon Valley has helped bring $10 million dollars to the region and helped 300 companies, with a plan to invest $150 million in new smart tech funds. Partnering with IngDan, we can give our portfolio clients access to world-class technical domain expertise that they need to succeed -- from ideation to production and access to global markets."

About IngDan
Founded in 2013, IngDan is the one-stop IoT innovation platform and subsidiary of Cogobuy Group, a Hong Kong-listed company operating China's largest hardware supplier platform. It empowers entrepreneurs to outsource to the right suppliers at the right time, giving them the same advantage and potential success previously enjoyed only by well-funded companies. Leveraging over 6,000 suppliers, IngDan enables entrepreneurs to capitalize world-class hardware manufacturers at an affordable cost. IngDan's millions of followers also provide entrepreneurs an unprecedented critical mass and platform for consumer testing and feedback, accelerating brand recognition and product adoption among Chinese consumers. IngDan has U.S. offices in San Francisco and Santa Clara and a growing number of U.S. clients. en.ingdan.com

About Tsing Capital
Established in 2001, Tsing Capital is the leading CleanTech venture capital firm in China. Through its China Environment Fund series, Tsing Capital works intimately with its portfolio companies across China in areas of new energy, energy efficiency, environmental protection, cleaner production, sustainable transportation, new materials and sustainable agriculture. www.tsingcapital.com

About SVC Angel Fund
SVC Angel Fund, founded and managed by a group of accredited investors and industry professionals, invests in U.S. early-stage startups. Its team is committed to utilizing domain expertise to help entrepreneurs respond swiftly to challenges and opportunities in areas such new technology areas including Intelligent Systems, Artificial Intelligence, Computer Vision, Big Data, Smart Manufacturing, Robotics, Sensing Technology, Control Technology, Low Power Devices, etc. www.svcangel.com

Media Contacts:
Mary Placido
Sim-Krause Consulting
Email: Email Contact
Mobile: 415-218-3627

Sharon Y. Sim
Sim-Krause Consulting
Email: Email Contact
Mobile: 415-420-1889

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
"IoT is going to be a huge industry with a lot of value for end users, for industries, for consumers, for manufacturers. How can we use cloud to effectively manage IoT applications," stated Ian Khan, Innovation & Marketing Manager at Solgeniakhela, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, sha...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to impr...
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...