Shanghai TOSUN Technology nabs over 100 million yuan in Series A+ funding

Beijing (Gasgoo)- Shanghai TOSUN Technology Ltd. (TOSUN) announced the successful completion of its A+ funding round, which raised for the company over 100 million yuan. 

Photo credit: TOSUN

This fresh investment was spearheaded by the Advanced Manufacturing Industry Investment Fund II managed by SDIC, with oversubscription from existing investor Harvest Capital.

Established in 2017, TOSUN specializes in the development of automotive electronic toolchain products. Its flagship automotive industrial software, TSMaster, along with its toolchain, has garnered a global user base of over 5,000 enterprises, spanning car manufacturers, parts suppliers, engineering service providers, and chip manufacturers.

Having amassed users across the United States, Europe, India, Australia, and other regions, TOSUN aims to actively engage in global competition. Leveraging the versatility of the company’s foundational tool products, TOSUN plans to intensify its presence in engineering machinery, aerospace, robotics, and other related fields. Simultaneously, TOSUN is poised for comprehensive expansion into international markets.