Day: June 1, 2021

With Global Year-on-Year Growth of 68.8%, Zepp Health Is the Market Leader in Brazil, Russia and Spain.

SHENZHEN, China, June 1, 2021 /PRNewswire/ — Zepp Health (NYSE: ZEPP) with self-owned brands Zepp and Amazfit, ranked the Top 4 in terms of global adult smartwatch shipments^[1] in the first quarter of 2021, according to data from the International Data Corporation (IDC) on the global wearable device market. Zepp Heath sold over 1.65 million Zepp and Amazfit smartwatches in the first quarter, representing year-on-year growth of 68.8% in global unit sales – the highest growth among the top adult smartwatch brands.

Despite ongoing challenging market conditions that have impacted the consumer electronics industry worldwide, Zepp Health sales remained robust. Zepp Health ranked No.1 by shipments for adult smartwatches in Brazil (40.9%), Russia (28.9%) and Spain (23.5%). It also ranked No. 2 in Italy, No. 3 in Poland; and No. 4 in Germany, India, Indonesia and Thailand for shipments of adult wearables. Besides, Zepp Health is ranked No. 6 in Mexico, US, France and the UK markets.

Sales momentum was driven by their established popular Amazfit Fashion and Lifestyle wearables such as the Amazfit GTR 2 and GTS 2 series of smartwatches and the Outdoor Sports series including the Amazfit T-Rex.

The Amazfit brand has also been raising its profile by expanding its worldwide sponsorship portfolio of adventurous outdoor sports. Celebrating the Amazfit T-Rex Pro release in March 2021, the brand sponsored three challenging competitions that embody the watch’s spirit: Explore Your Instinct. Earlier this year, it announced a partnership with Spartan, the world’s leading endurance sports and wellness brand and Amazfit will activate at a selection of Spartan events across the world this season. Amazfit has also sponsored the ESOK Rally in Eskişehir, Turkey and the All-Russian Zavidovo SUP Challenge – one of the top five SUP competitions globally.

About Amazfit

Established in September 2015, Amazfit offers several series of smart watches and bands from daily to outdoor sport use, as well as other smart hardware related to sports and health, including TWS sports earbuds, smart treadmills, smart body composition scales and sports gear. With a complete line of products which offer an outstanding user-experience, Amazfit maximizes its ability to satisfy the needs of different consumer groups.

With outstanding design and craftsmanship, Amazfit smartwatch products have won many awards, such as the German iF Industrial Design Award and the Red Dot Design Award.

Currently, Amazfit products hit the markets of more than 90 countries and regions, including the United States, Germany, and Japan. According to an IDC global wearable device market tracking report, in the year of 2020, Amazfit smartwatch shipments ranked 1^st in Spain and Indonesia, 2^nd in Brazil and Italy, 3^rd in Russia, India and Thailand, 4^th in Poland, 5^th in Germany, and were also among the top products in other countries and regions.

About Zepp Health, formerly Huami Corporation

Zepp Health’s mission is to connect health with technology. Since its inception in 2013, the company has developed a platform of proprietary technology including AI chips, biometric sensors, and data algorithms, which drive a broadening line of smart health products for consumers, and analytics services for industry. In 2019, the company shipped 36.6 million units of smart watches and fitness bands, including its own Amazfit brand, and products developed and manufactured for Xiaomi, comprising 23% of global category shipments. The company is headquartered in Hefei, China, with U.S. operations, Zepp USA, based in Cupertino, Calif. For more information, please visit https://ir.zepp.com/investor/pages/company-profile.

For Media Inquiry
media.enquiry@zepp.com

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SAN FRANCISCO, June 1, 2021 /PRNewswire/ — ElectroNeek, a leading robotic process automation (RPA) platform for managed service providers (MSPs) and IT teams, has announced that it raised $20 million in a Series A funding round led by Baring Vostok with participation of AICPA and existing investors – YellowRockets.vc, Dragon Capital, I2BF, Angelsdeck, Gokul Rajaram and others. Following the new funding influx, ElectroNeek’s valuation now exceeds $100 million.

ElectroNeek offers a comprehensive suite of software solutions to help companies of all sizes automate repetitive tasks, which simplifies IT processes and reduces costs. ElectroNeek has democratized complex RPA technology making it accessible and affordable to all businesses. It has done so by using a unique approach to deployment and scalability of RPA workflows.

MSPs use ElectroNeek to build and deploy RPA bots for their customers while retaining full control over the pricing of their RPA projects for end users. They can also take care of bot development and administration and offer RPA-as-a-Service subscriptions which can provide a source of recurring revenue for them.

Enterprises use ElectroNeek to replace legacy RPA vendors, save on costly bot licenses and automate a myriad of routine business processes so that they can focus on more high-priority IT tasks.

“The Covid-19 pandemic has forever reshaped companies’ priorities. Optimizing costs and reducing unnecessary mundane work to shift focus onto key issues has become top of mind for business leaders. This is exactly what ElectroNeek has been created to help with.

Partnering with Baring Vostok and the continuous support of our existing investors will enable us to bring more MSPs and companies of all sizes to the ElectroNeek hyperautomation ecosystem. This will put us at the forefront of accelerating adoption of RPA technology, allow us to create meaningful change and provide real help to companies of all sizes,” said Sergey Yudovskiy, ElectroNeek’s CEO and co-founder.

ElectroNeek now has 250 customers ranging from Fortune 500 companies and global consulting firms to smaller size MSPs in more than 40 countries. It has established technology and go-to-market partnerships with Microsoft, Oracle and Nvidia.

“ElectroNeek is a great example of a company using a unique product and distribution strategy in an already established market. Its founders are set on democratizing access to RPA technology which has already proven its bulletproof value in more than 80% of Fortune 500 companies.

ElectroNeek significantly lowers entry barriers for the whole market and supports new RPA developers by building an easy-to-use low-code platform, which is a mission we were drawn to from the start.

As a fund with a long history of betting on underdogs turned industry trailblazers, we hope that with this new funding ElectroNeek will now be one step closer to fulfilling its vision of bringing much needed innovation into the RPA industry,” said Maxim Loginov, Partner at Baring Vostok.

ElectroNeek plans to use the proceeds of the funding round to significantly expand its engineering, product and support teams in North America, Latin America, Europe, the Middle East and India.

About ElectroNeek
ElectroNeek is a leading robotic process automation platform for managed service providers and IT teams. Founded in 2019 by RPA industry veterans, ElectroNeek became the fastest-growing RPA platform in 2021. It now has 250 customers ranging from Fortune 500 companies and global consulting firms to smaller size MSPs in more than 40 countries. ElectroNeek has been named Market Leader in G2’s Market Momentum Report for two consecutive quarters alongside UiPath and Automation Anywhere. ElectroNeek is an alumnus of Y Combinator, Plug and Play, a preferred partner of Sage, and has established technology and go-to-market partnerships with Microsoft, Oracle and Nvidia.

About Baring Vostok
Established in 1994, Baring Vostok is the most successful and well-known investment advisory firm focusing on investing in companies with founders who have roots in emerging countries. It invests in companies across geographies that span Europe, North America and Asia. Today Baring Vostok has invested more than $3.7 billion in 87 trailblazing companies across these regions. They include leading multi-category e-commerce platform OZON, fintech company Kaspi, food retailer VkusVill, off-price retailer Familia, pharmaceutical company Solopharm, edtech company Skyeng, global communications company Viasat and many others.

Contacts:
Alex Astafyev (co-founder, CIO) – Eastern Europe
Email: Alexey.a@electroneek.com

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