Nubo Med, a leading provider of Internet of Things (IoT)-based integrated smart hospital software and hardware solutions, announced today the closing of a Series B financing round, raising several hundred of million RMB. The round was led by SAIF Partners, with participation from Shenzhen Hi-tech Investment, DT Lake Capital, and Jiufite Investment.

CEC Capital Group served as the exclusive financial advisor for Nubo Med in this transaction.

The funds from this round will be primarily used for upgrading and enhancing existing products, expanding new product lines, recruiting key R&D talent, expanding the market both domestically and internationally, and strenghtening the sales capabilities.

Established in 2012, Nubo Med provides comprehensive hospital-level drug and consumable software and hardware integrated management solutions, using IoT, intelligent sensing, and core algorithm technology. The company aims to continuously develop products and enrich product lines around smart wards and smart operating rooms, to build an IoT platform for smart hospitals.