Shenzhen based IoT home appliance company Lvmi raised $100 million in a series B2 round funding led by Grand Flight Capital and followed by Cathy Fund, Joy Capital, and Yunmu Capital. The investment will be used to further develop innovative products, improve branding, and beef up the establishment of new sales channels combing both online and offline.
Established in 2009. Lvmi focuses on developing smart home appliances for Xiami. It is committed to the research and promotion of innovative low energy smart home systems. The company’s products and services include ultra-low energy wireless censors, a Zigbee wireless network, edge computing, algorithms, AI for smart home networks, platform opening, and access capacity.