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Horrith completes a new round of financing to create a new generation of intelligent sorting solutions for mines
Release time:
2023-10-17 09:31
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Recently, China's Horrith Technology Co., Ltd. (hereinafter referred to as "Horrith" or "Company"), which focuses on X-ray acquisition and AI identification technology and provides customers with intelligent sorting solutions for all minerals, announced the completion of round B financing of hundreds of millions of yuan. This round of financing is led by China's state-owned capital venture capital (state venture capital), followed by Minmetals Venture Capital, Guotai Junan Securities Investment and Infinite Fund See Fund. Ekai Capital acted as Horrith's exclusive financial advisor in this transaction.
This round of financing will be used for new equipment research and development, product and business development, as well as the construction of the market team.
For a long time, the original whole-process beneficiation process has pain points such as high energy consumption, low efficiency and high environmental protection risks. Under the background of double carbon, mining enterprises are under great pressure. Horrith is committed to the research and development of X-ray high-performance detectors and intelligent substance identification algorithms, and has launched a variety of high-end full-automatic intelligent on-line separation equipment dedicated to mining, which can realize accurate separation of minerals with ultra-low energy consumption, high efficiency and safety, thus improving concentrate quality, it can also realize the pre-dumping of worthless tailings, thereby increasing economic benefits, and then assisting customers in building smart mines and green mines.
The core team of Horrith originated from the State Key Laboratory of the Department of Precision Instruments of Tsinghua University and the Brain-like Computing Research Center of Tsinghua University, and has been researching in the field of ore X-ray spectroscopy and its intelligent recognition algorithms for more than ten years. Detection has nearly 15 years of research accumulation. The company focuses on the development and application of core technologies. From the beginning of spectral detection technology to the execution control, the core components are all self-produced and self-developed, and are fully connected with the back-end signal processing and algorithm design. After years of research and development and accumulation, the software, hardware and algorithms are respectively formed into a platform-type design framework, enabling the company's ore processing equipment to land in multiple series simultaneously. The ore processing scope can cover all minerals such as coal mines, non-ferrous metal mines, ferrous metal mines and radioactive mines. The underlying hardware design supports the implementation of complex blowing separation algorithms, a variety of product solutions for the domestic leader, the overall performance advantages are obvious.
Horrith quickly access to market demand, with the help of local and industry advantages, the rapid formation of application landing, further cultivate and expand the market. Thanks to its technical expertise and years of accumulation, the company has successfully landed many large-scale projects in coal mines and non-ferrous metals, with customers covering many leading enterprises in Zijin Mining, Minmetals Group, National Energy and other industries. Based on the application of equipment localization and adaptive design, the company has further expanded the advantages of local enterprises and stabilized its competitiveness. At the same time, it has achieved business breakthroughs in overseas countries such as Russia, and will gradually expand the markets in Europe, America, Africa, and Central Asia. During the epidemic, Horrith broke through all kinds of difficulties to achieve rapid growth in performance, for several consecutive years to achieve a year-on-year growth of nearly 100 percent, in 2023 is to obtain the national specialization of the new "little giant" title.
Horrith has been recognized by investment institutions such as Enlightenment Star Venture Capital, Liangshan State Control, Xiyang Capital, Guoke Jiahe, Shui Mu Venture Capital and Anxin Securities.
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