YiLijie Completes Tens of Millions RMB Pre-B Financing to Advance Hospital Data Middle Platform Solutions

VCBeat has learned at the earliest opportunity that, focusing on the overall solution for hospital data middle platformsEureka Systems (Shanghai) Information Technology Co., Ltd.(hereinafter referred to as"Eureka Systems") CompletedTens of Millions in Pre-B RoundFinancing. This round of financing was led by a globally leading cloud distribution and edge computing companyWangsu Science & Technology (300017.SZ)Exclusive Investment,Bairong CapitalServing as the exclusive financial advisor. The proceeds from this financing will be used to continuously expand the data middle platform business in tertiary hospitals and above, as well as to develop SaaS-based data middle platform solutions.

Headquartered in Shanghai, with offices and R&D centers in Guangzhou, Hefei, Beijing, and Jinan, Eureka Systems is a data middle-platform solution provider dedicated to addressing hospital IT architecture and data silo issues at their source. Its data middle-platform solution centers on a data center and integration platform, constructing the “architectural backbone” of smart hospitals. By leveraging a “dual-wheel strategy” focused on “Interconnectivity Rating” and “Electronic Medical Record (EMR) Grading Evaluation,” it promotes the standardized development of “Smart Hospitals.” Using data as the connecting link, Eureka Systems builds a wide range of complex applications for healthcare institutions, including management tools for policy-based regulation, cost control, and connotation quality control; clinical decision support systems; and observational research data platforms based on medical big data.

Currently, there are over 14,000 hospitals at the secondary level and above across China. A significant portion of their business systems have been in use for more than 15 years. Traditional hospital information systems, centered around Hospital Information Systems (HIS), often lack “top-level design,” leading to frequent occurrences of information silos and tight IT coupling. There are many unmet needs in the acquisition, interaction, and analysis of hospital data, making these systems unable to meet the requirements for building “Smart Hospitals” under the new situation and technological trends.

In the past two years, the introduction of the “National Examination” and the hospital “Interconnectivity” rating have, on one hand, continuously raised the requirements for hospital data applications, necessitating products that are more user-friendly and aligned with hospitals’ latest needs. On the other hand, they have imposed higher demands for interoperability among different information systems. Traditional “all-in-one” hospital information systems cannot fundamentally address these issues.

Starting from the underlying IT infrastructure of hospitals, Eureka Systems builds customized integration platforms and data centers for healthcare institutions. This lays a solid foundation for the comprehensive application of data in smart hospitals, providing objective and actionable data sharing, interoperability services, and secondary data utilization to support clinical operations, management, scientific research, and patient services. These efforts drive the digital transformation and upgrading of hospitals across business operations, management, research, and patient care.

Data Center:Extract, aggregate, clean, supplement, classify, and centrally store patient data from various hospital business systems; subsequently perform secondary processing to lay the foundation for smart hospital development, unlock data silos, and establish a management mechanism based on an enterprise-wide data warehouse covering all hospital business processes, thereby providing complete, accurate, and consistent analytical data and decision-support models.

Integration Platform:Build an open integration platform to enable plug-and-play design for business systems, ensuring that each system remains concise and independent. Achieve data standardization through master data management, and visualize interface and service management, ultimately realizing zero-cost interface maintenance and management.

Eureka Systems has, to date, served China'sOver 200Top-tier tertiary hospitals provide integrated platforms and data center solutions, along with a comprehensive suite of smart hospital products centered on electronic medical records, includingThe First Affiliated Hospital of Sun Yat-sen University, Ruijin Hospital Affiliated to Jiao Tong University, Huashan Hospital Affiliated to Fudan UniversityThree of China’s top 10 hospitals have already assisted numerous clients in achieving the highest levels in both the “Interconnectivity Rating” and the “Electronic Medical Record (EMR) Grading Assessment.” Currently, our business covers nearly20 provinces, covering East China, Central China, South China, Southwest China, and the Shandong-Hebei region.

In addition to its hospital-based data middle platform services, Eureka Systems also offers a novel Medical Community solution, which has been successfully implemented in Central and South China. To meet the industry’s future demands for rapid deployment and highly customized applications of medical big data platforms, Eureka Systems has initially developed a SaaS-based data middle platform solution. As the product continues to be refined and matured, it will be launched in the near future.

Regarding this financing round,Dr. Zhou Qi, Founder and Chairman of Eureka SystemsHe stated, “First and foremost, we extend our sincere gratitude to Wangsu Science & Technology for their trust and support, as well as to our longstanding shareholder, SoftBank China Capital, for their continued confidence in us. Eureka Systems remains firmly committed to being guided by industry trends and needs, helping healthcare institutions overcome IT development bottlenecks and implement medical data governance at its source. We aim to provide more convenient tools for various stakeholders—including healthcare institutions, medical professionals, pharmaceutical companies, insurers, and government agencies—thereby unlocking and leveraging the value of big medical data. This will facilitate the digital and intelligent transformation of the healthcare industry, fostering a closed-loop ecosystem.”

Head of the Investment Department, Wangsu Science & TechnologyIt stated: “As the development of ‘Smart Hospitals’ continues to advance, enterprises that assist hospitals in achieving digital transformation have also become a focal point. Currently, there remains a significant gap between the level of digitalization in Chinese hospitals and both policy targets and international benchmarks. Digital transformation has become a crucial means for hospitals to enhance medical quality and improve operational management. Various accreditation requirements and the ‘Thousand Counties Project’ policy have also opened up vast development opportunities for the industry. As a leading provider focused on hospital data middle platforms and comprehensive digital transformation solutions, Eureka Systems boasts a stable and high-performance integration platform and data middle platform, along with a rich suite of digital applications. It has provided smart hospital products to over 200 Grade III Class A hospitals in China, enabling their digital transformation and upgrading. In the future, it will also launch more standardized digital products targeted at Grade II hospitals. We are very optimistic about the company’s future development and will continue to support its efforts to maintain a leading position in the field of healthcare digitalization.”

Wangsu Science & Technology (300017.SZ), founded in Shanghai in 2000, is a leading provider of information technology infrastructure platform services in China. It is committed to delivering competitive products and services in cloud computing, edge computing, content delivery network (CDN), cybersecurity, artificial intelligence, and big data. Its customer base extensively covers industries such as the internet, finance, telecommunications, government, high-end manufacturing, education, and healthcare.

Wangsu Technology Industrial Investment Fund leverages the rich industrial ecosystem and resources of Wangsu Technology, a publicly listed company, and draws on its profound industry insights in the information technology sector to conduct strategic and industrial investments externally. The fund invests in high-quality enterprises that are industry leaders in technological innovation or possess the potential to grow into industry leaders.

Bairong Capital is a research-driven financial advisory firm focused on the healthcare sector. It aims to accelerate the growth of healthcare enterprises through its extensive transaction experience and provide investment institutions with insights into valuable investment opportunities via rigorous, in-depth research. Bairong Capital’s areas of focus span multiple healthcare sub-sectors, including healthcare services, medical devices and consumables, IVD and precision medicine, biopharmaceuticals, and healthcare informatics. The firm’s core team members come from top-tier consulting firms, leading investment banks, and major accounting firms.