Subscribe

Terminus Rolls Out 'AI CITY' with Aggressive Team Expansion Plan
COVID-19 and China
Image credit: EqualOcean

China's AIoT company Terminus debuted its ‘AI CITY’ strategy, revealing its earnest incursion into the smart city scene – which is now the business focus of the firm. The company started out by providing hardware IoT devices like smart door locks in 2015, later to a ’smart city’ comprehensive solution provider.

The new strategy unveiled its product plan of integrating city functions via the TACOS (Terminus AI City Operation System) system to improve city life. Terminus plans to build an AI CITY model in Chongqing to implement its understanding of the smart city. According to CEO Victor Ai, the AI CITY platform will be an ecosystem for its partners to provide smart city solutions.

Alongside the AI CITY, Terminus launched its ambitious talent plan called ‘T Plan.’ The plan will attract thousands of experts to Terminus to build AI CITY in the coming five years, said the CEO. Currently, the company has a team of 700 from offices worldwide, with over 60% in tech positions.

Earlier in September, Terminus closed a new funding round from Investcorp. Up to date, the company has raised billions of yuan since its founding. As well as the latest financing, the company formed a partnership with Everbright Securities in early September to plan for IPO and smart city research cooperation.

https://legacy.equalocean.com/news/2020090914734

Latest Updates:

ANALYST

Communicate Directly with the Author!

Ask the author questions about the copied text

Research Reports
Editor's Picks