• Major Financing News

ALVA Systems has successfully completed a multi-million yuan Series B financing round, led by existing shareholder SoftBank China Capital (SBCVC). Existing shareholder Gaoke Xinjun and new investor Taiyue Capital also participated in the round.

With five years of deep algorithmic technology accumulation and five years of industrial application and practice in augmented reality (AR) products, ALVA is now poised to enter a new stage of development following the completion of the Series B financing round.

[Promising Future for Industrial AR]

According to the White Paper on Virtual (Augmented) Reality released by the China Academy of Information and Communications Technology (CAICT), the global market size of virtual reality (VR) is close to one hundred billion, with AR and content applications being the primary growth drivers. Based on statistics from institutions such as IDC, the global VR market size in 2020 was approximately 90 billion yuan, with the AR (augmented reality) market accounting for 28 billion yuan.

It is projected that the global virtual reality industry will experience a compound annual growth rate of 54% from 2020 to 2024. Within this period, the AR sector is expected to grow at a rate of approximately 66%. By 2024, the market share for AR is estimated to reach 240 billion yuan.

Furthermore, with ongoing technological advancements, the development of AR/VR applications is experiencing rapid growth. Particularly, in the current boom of the "Metaverse" concept, the prospects for the AR/VR market are highly promising.

However, the statement that "the Metaverse only has real value when it is connected to the physical world" is validated by the application of AR in the industrial manufacturing sector. AR has indeed become a new driving force for the digital transformation of industrial manufacturing enterprises.

Complex industrial manufacturing operations, shortage of skilled professionals, and the normalization of the pandemic have increased pressure on manufacturing enterprises. With years of expertise in industrial AR applications, ALVA Systems recognizes the pain points in the industry. Leveraging the visualization, instructional guidance, and interactive nature of AR technology, ALVA Systems empowers on-site personnel with enhanced technical capabilities through its solutions.

ALVA's AR application solutions can help manufacturing enterprises bridge the entire product lifecycle, from design and development to production and manufacturing, all the way to marketing, promotion, and maintenance management. By breaking down the barriers between the digital and physical worlds, these solutions enhance the capability and level of insight for companies in their digital transformation journey, enabling them to gather diverse data and gain valuable insights.

【Confident and fully committed.】

Against the backdrop of further unleashing market demand for industrial AR, ALVA will seize more development opportunities with its excellent technical capabilities and industry experience.

• Leading-edge foundational algorithms globally.

English translation: Founded in 2011, ALVA Systems has been focusing on the development of applications for heterogeneous computing. All of its product lines are based on the architecture design of heterogeneous computing, making it one of the most widely recognized enterprises in the global heterogeneous computing software application field. ALVA Systems possesses a powerful underlying development team.

After five years of deep cultivation and concerted efforts, ALVA Systems has achieved technological breakthroughs in the field of heterogeneous computing and pulse neural network algorithms. It has obtained 40 software copyrights and 14 invention patents, laying a solid foundation for the expansion of AR applications.

ALVA Systems' independently developed AR engine has the ability to support cross-domain technologies ranging from image recognition, plane recognition, model recognition to area recognition. This achievement is highly significant globally, making ALVA Systems a leading enterprise in the field of industrial AR in China.

• Comprehensive product solutions.

Based on the pain points and needs of industrial manufacturing enterprises, ALVA has developed a series of products and solutions that encompass ALVA Rainbow remote collaboration platform, ALVA Editor industrial AR editor, ALVA Expert Guider expert teaching system,Based on the pain points and demands of industrial manufacturing enterprises, ALVA has developed a series of products and solutions, including the ALVA Rainbow remote collaboration platform, ALVA Editor industrial AR editor, ALVA Expert Guider expert teaching system, and more. These solutions cover a wide range of application scenarios, such as AR remote diagnostic collaboration, AR intelligent inspection, AR device management sandbox, AR process training, expert experience capture and reuse, AR intelligent error prevention, and others. This has formed a comprehensive product system and earned ALVA a good reputation in the industry.

*Chinese Academy of Engineering academician and researcher at the Institute of Computing Technology, Chinese Academy of Sciences, Ni Guangnan attended ALVA's annual new product launch event.

Previously, at the ALVA 2021 new product launch event, Chinese Academy of Sciences academician Ni Guangnan expressed high expectations, saying, "Industrial software requires considerable technological accumulation. We are pleased to see that ALVA's products have even surpassed leading foreign enterprises in certain areas. We look forward to ALVA's continuous innovation and using new technologies to surpass overseas competitors in new fields."

• ALVA possesses abundant industry know-how.

Building on the foundation of refining product solutions, ALVA Systems has forged deep collaborations with global industrial leaders such as Siemens and Rockwell Automation. Additionally, ALVA has accumulated AR solution experience from manufacturing enterprises across various verticals, including GAC Group, Foton, B. Braun Medical, Anheuser-Busch InBev, Unilever, Sany Heavy Industry, and more. As a result, ALVA currently enjoys a significant market share advantage in the implementation of AR for industrial applications.

Moreover, leveraging the rich project experience accumulated over the years in the field of industrial manufacturing, ALVA has horizontally expanded its AR solution offerings into multiple sectors. It has successfully created numerous benchmark projects, and with the growing trend of large-scale implementation of industrial AR applications, ALVA has tremendous potential for further growth.

• An open and win-win collaboration ecosystem.

Furthermore, for future development, ALVA has rapidly expanded its vertical applications through distribution channels such as Shenzhou Digital, Meijia Lin, and DigiTou. Additionally, ALVA actively collaborates with hardware manufacturers such as Microsoft, Pico, Rokid, Realwear, and others to explore and accelerate the implementation of AR applications in various scenarios.

ALVA once again extends a sincere invitation to partners from different sectors of the industry chain to engage in deep cooperation with us in technology, business, and application-related areas, aiming to achieve mutual success in the future.

• ALVA Systems founder, Xiao Dongjin.

Indeed, AR-based applications leveraging recognition technology have already laid a solid foundation in the industrial sector. ALVA is honored to collaborate with industrial manufacturing enterprises from various verticals, collectively witnessing and participating in the growth and development of this forward-looking industry of industrial AR.

Looking ahead, ALVA will continue to rely on industry experience and the advantages of AR technology to deepen cooperation with more user enterprises. We will strive to closely align with practical applications and meet the ever-expanding industry development needs.

• Dr. Song Anlan, Managing Partner at SoftBank China.

ALVA has developed a globally leading AR industrial engine, which is an exciting and platform-based foundational technology. Building upon this, ALVA has created development and editing tools at the intermediate level, along with several mature applications tailored to different industrial scenarios.

We believe that this is just the beginning. In addition to continuing to deepen our presence in the industrial sector, we also have high expectations for the commercialization of ALVA's AR technology in various fields such as medical healthcare, professional training, cultural tourism, and more. We are excited about the potential of AR to accelerate commercial implementation in these domains.

• Mr. Qinyang Wen, Managing Partner of Gaokexinjun.

Over the past five years, Xinjun has witnessed the growth of ALVA. The core team has dedicated themselves to the research and development of heterogeneous computing technology and, based on this foundation, rapidly evolved into the invisible champion of industrial AR solutions.

We look forward to ALVA leveraging its core capabilities in a broad scope, becoming an enabler of digital transformation.

• Zhang Haitao, Founding Partner of Taiyue Capital.

ALVA possesses independent intellectual property rights, and its AR capabilities are highly competitive on a global scale. When it comes to the application of these capabilities in specific industrial manufacturing scenarios, ALVA is a rare software company with inherent "industrial genes". With the backdrop of comprehensive digital transformation, we believe ALVA has the potential for significant growth and expansion.