Source: 36 krypton
36 Krypton learned that "CAYE Technology" has completed a round of financing of tens of millions of yuan Led by Suzhou Venture Capital, Suzhou Industrial Park, an old shareholder, led the venture capital, and several individual investors followed Gengxin Capital acted as the exclusive financial adviser. Wu Peng, founder of Gaye Technology, told 36 Krypton that this round of financing funds will be mainly used for market development and service network construction.
This is Gaye Technology The third round of financing completed in the past year 。 Previously, in March and December 2023, Gaye Technology completed two rounds of financing, namely, Angel Round and Pre-A Round, in which the total amount of the first round of financing reached nearly 100 million yuan. It has successively introduced investors including Hillhouse Venture Capital, Renzhi Capital, Measurement Capital, Leading Venture Capital and Gengxin Capital.
Kaye Technology was founded by Wu Peng, one of the former founding employees of Hunting. 36 Kr previously reported that Wu Peng joined Hunting in October 2017 and was in charge of the marketing business. After leaving in 2022, Kaye Technology was founded. The entrepreneurial direction is oriented to the equipment automation upgrade direction of chain stores.
At the same time of the completion of round A financing, Gaye Technology officially launched its Commercial full-automatic coffee machine Smart X "Series Based on the Bionic Barista bionic barista barista system developed by the company, the whole process of coffee machine grinding, weighing, cloth powder filling and pressure extraction is innovatively designed to restore the production quality of top barista barista.
It is reported that the "Smart X" automatic coffee machine of Gaye Technology is divided into four series of products, namely "S, E, X, Y". The name is inspired by the classic line "Smart is the new SEXY" of the American TV series The Big Bang Theory. this First launched Smart X Series Series coffee machine, positioned at “ Fast coffee chain scene ” 。
Kaye Technology "Smart X" full-automatic coffee machine, according to the interviewees
It is worth mentioning that at the beginning of its establishment, Wu Peng initially considered the direction of milk tea automation, but he soon ruled it out, It is difficult to become an independent brand to replicate products on a large scale.
Compared with the milk tea market where the increment is transferred to the stock, the coffee market has been growing at a high speed in recent years. Coffee chain is a business that competes for efficiency, involving product, employee training, logistics supply chain and other comprehensive dimensions. Its core is the stability of a cup of coffee. In addition to the quality difference of coffee beans, coffee machine is a crucial link.
Compared with semi-automatic coffee machine, which has long training period, high operation difficulty, low cup output efficiency, high consumption and other shortcomings, full-automatic coffee machine is relatively stable and easy to operate, and is widely used in chain cafes. However, in the past, the cost of international famous commercial full-automatic coffee machine was high, and its stability and efficiency still needed to be improved Help the coffee shop with self developed technology upgrading of core parts “ Cost reduction and efficiency increase ” 。
"Chain customers have high requirements for the stability of the instrument, so we will try to minimize the variables in the whole process of making coffee." Wu Peng told 36 Krypton, Gaye Science and Technology Association From the very beginning, control the variables of each core component.
For example, in terms of coffee bean grinding, the Smart X full-automatic coffee machine uses the self-developed CPS (Constant Particle Size) constant temperature and constant diameter ceramic cutterhead, which is powerful, low-noise, and stable. The stability of coffee bean continuous grinding particle size distribution can be increased by 81%.
Smart X constant temperature constant diameter ceramic cutterhead product drawing, provided by respondents
Extraction stability is a major problem of automatic coffee machine, and the core is how to reduce the error of coffee powder weight.
In the past, the first generation automatic coffee maker used a fixed grinding time to reduce the error. For example, if it grinds 3g powder in 1 second, it will set a fixed grinding time of 6 seconds, and the overall error is only controlled at 2-3g; Another method is to increase the weighing of pressed volume of powder cake, and the error can be reduced to 1-2g. From the first point of view, Gaye Technology developed AccuPowderWeigh weighing system, which improved the weighing accuracy of coffee powder by 83% and controlled the deviation within ± 0.2g.
In addition, Gaye Technology also pioneered the VVD (Vertical Vibrating Distribution) vertical vibration powder distribution system, which combined with the weighing module to imitate the actions of the barista's thugs, improve the powder distribution quality and avoid the channel effect. In addition, CAYE created its own Supermix foam technology to generate dense foam, and the first CLS closed-loop control system to automatically adjust the grinding degree, and adjust the appropriate extraction time, weight and other parameters.
According to Wu Peng, thanks to the technological innovation of the overall coffee machine, Smart X Series Series coffee machine can be produced at most per hour three hundred and fifty Cup of espresso, designed life of coffee machine reaches fifty 10000 times.
In the past, there were two types of brand manufacturers of commercial full-automatic coffee machine, one was imported manufacturers such as WMF, franke, thermoplan, eversys, and the other was local brands such as Kalomei and Dr. Kalomei. However, some major manufacturers in Europe were still in the manual workshop production mode, resulting in high costs, which was eventually transferred to the chain brand end.
By focusing on large items, Gaye Technology hopes to really start from cost pricing and improve efficiency to the highest level. Wu Peng told 36 Krypton that for many boutique coffee shops, coffee machines and other equipment account for 50% of the one-time investment, and coffee machines are the major cost. At the moment of fierce price competition, there is a lot of cost optimization space.
It is reported that the first thing that Guy did was to cut down 80% of the automatic coffee machine SKUs on the market, concentrate all resources on developing one or two SKUs, and use the logic of explosives to reduce costs. Wu Peng said, Coffee machine products of Gaye Technology meet the chain market 80% Scene 80% Demand, that is “ Cheap and delicious coffee ” , and is “ use 70% Of equipment price, realizing 130% Performance of ” 。
VVD vertical vibration powder distribution system, according to the interviewees
This cost reduction and efficiency increase comes from many aspects. Wu Peng told 36 Krypton that the first is to make a large number of domestic substitution of core parts. For example, through domestic substitution, the cost of ceramic cutterhead will be reduced by 50%, and the coffee machine shell will use the integrated die-casting process of new energy vehicles with high temperature and high pressure resistance.
Wu Peng said that Gaye Technology has applied the redundant capacity of China's high-end manufacturing industry, such as advanced productivity of textile machines, new energy vehicles, medical devices and other industries. In addition, by adopting modular design, each module can be developed independently and simultaneously, so as to shorten the research and development time, realize flexible production, improve production efficiency, and facilitate the maintenance of store side equipment.
In Wu Peng's opinion, the current commercial full-automatic coffee machine market is in the window of opportunity for the rise of domestic brands. With China's advanced supply chain capabilities, further brand globalization can be achieved. It is reported that, In addition to the domestic market, Gaye Technology is also simultaneously developing overseas markets, which are currently concentrated in the Asia Pacific region.
At present, Gaye Technology has set up a customer service center in Shanghai. For chain brand customers, it will provide direct services. For local small coffee shops, it will cooperate with local service providers to develop and provide comprehensive product after-sales services.
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