Onesight Technology Co., Limited announced that it has received $10 million in funding from Sumitomo Corporation, Jingwei Venture Capital Investment Management Consulting Co., Ltd., Hanhai Plug and Play China, GSR Ventures Management Co. Ltd., and other investors
September 21, 2021
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Onesight (Beijing) Technology Co., Limited announced that it has received $10,000,000 in funding led by Jingwei Venture Capital (Beijing) Investment Management Consulting Co., Ltd. on September 22, 2021. The transaction included participation from Sumitomo Corporation, Hanhai Plug and Play China, and GSR Ventures Management Co. Ltd., and several other ventures in China.
Sumitomo Corporation is a diversified group organized around 7 areas of activity:
- retail distribution of consumer goods (24.4% of net sales): food products, apparel and accessories, pharmaceuticals, building materials, household and decorative items, etc. The group is also developing a real estate business;
- trading of hydrocarbon, mining, chemicals and electronics products (24%): oil, natural gas, copper, gold, silver, zinc, lead, nickel, coal, iron ore, resins, pesticides, petrochemical products, etc.;
- trading of steel products and non ferrous metals (20%): flat and long steel products, tubular products, aluminum products, titanium, etc.;
- distribution of transportation and construction systems and equipments (15.1%): spatial equipments, landing fields, forest machines, motorcycles, mining operating vehicles, etc.;
- telecommunications and multimedia products and services supplies (8.8%): TV wiring, data communication solutions, film distribution services, mobile telephony, Internet access and computing services;
- development and implementation of civil engineering infrastructures (7.6%): power plants, wastewater treatment units, industrial plants, telecommunications centers, etc. The group is also providing logistics services;
- other (0.1%).
Onesight Technology Co., Limited announced that it has received $10 million in funding from Sumitomo Corporation, Jingwei Venture Capital Investment Management Consulting Co., Ltd., Hanhai Plug and Play China, GSR Ventures Management Co. Ltd., and other investors
SUMITOMO CORPORATION 
