ALLCHIPS: Intelligent Electronic Industry Supply Chain Service Platform, complete the Pre-A Financing

Allchips has completed the Pre-A financing lead by the Blue Ocean Capital. This is the second financing that Allchips get within less than one year after the running of the platform.

With the support of Chinese policy and the rise of IoT, many small and medium-sized electronic intellectual enterprises are growing fast. Under the circumstance that 90s, 95s are the leading component of the supply chain, and the users are desiring of standardization, visualization, high degree of intelligence transactions of the services and tools. However, the traditional supply chain model can not meet the needs of this market situation, component trading and service model need to change, Allchips came into being.

Allchips ( www.allchips.com ) is an intelligent electronics industry supply chain service platform. The platform provides the standardization and intelligence of transaction and service by establishing the basic database of components, intelligent system and complete supply chain service. It provides visualized components online trading, risk control and BOM management for small and medium-sized electronic enterprises. Scientific decision-making, thus significantly reducing decision-making time and improve decision-making ability, effectively reduce procurement costs, multi-dimensional control of supply chain risk, improve teamwork and business competitiveness.

After communicating with more than 100 small intellectual manufacturing enterprises, Allchips found that most of they lack of the hardware procurement experience, and are desiring for the one-stop supply chain services. At the same time 90s has already dominated the industry. They do not want to use the traditional telephone, e-mail and face-to-face and other inefficient way to develop, manage suppliers. And do not want to work like this all day, which is inefficient Of the communication. They hope to work in the standardization, visualization, intelligence way. While The smart BOM service of Allchips is based on the cloud of visual components BOM processing tools, it can efficiently help users solve the component supply chain in a variety of problems and problems.

At the end of this March, the 1.0 version of the intelligent BOM system has came to online. With over 6000 million product data kept in the system, Once customers submit a BOM list, they can compare the price and finish purchasing only to click one button. In the case of complete information, it takes only 3 seconds to provide all the result.

However, as customers will demand some non-standard products and BOM inventory defects appear, manually assistant is still needed. After improving the product optimization, increasing the multi-model search, project management, a key comparison of hundreds of model prices and other functions added, the 2.0 version of the intelligent BOM system updated recently. This 2.0 version can achieve BOM risk control and reminders, BOM diagnosis and optimization within 1 hour, and complete multi-channel fast delivery within 6 days.

At present, Allchips has gain the monthly sales volume 50 million, and 20% of them is proprietary trading. The single-month data has been profitable. Allchips platform has attracted around 1000 of Original factories and authorized first agents, and stocked over 20,000,000 SKU.

Electronic components market potential is huge. Allchips is based on large data and artificial intelligence of electronic components supply chain solution platform for small and medium-sized enterprises to provide scientific supply chain decision-making basis. The project founder has over 10 years experience in this industry, and has show a high personal quality and leadership when communicate with thousands of project founders. Thus Allchips is very likely to grow as a successful company.

The founder of Reading Capital ( www.readingcap.com ), Li Xin, said: electronic components industry is a trillion level industry, and which is still in low E-business level. While the downstream small and medium-sized manufacturers’ purchasing problems can not be resolved through a simple online transactions. Allchips as one of the representatives of electronic components B2B business, with the original authentic direct supply of the unique model earlier, under highly controversial components of the electricity industry has successfully run through the business model and profit model. In the future, Allchips will deepen the data and services, and help small and medium enterprises to achieve professional and efficient procurement truly through intelligent enterprise services.