Xiruan Technology Secures Over RMB 1 Billion in Series B Funding to Propel Digital Innovation in Hospital Operational Management

VCBeat (WeChat ID: vcbeat) has learned that Shanghai Xisoft Technology Co., Ltd. (“Xisoft”), a leading provider of digital operational management services for China’s healthcare industry, recently announced the completion of its Series B financing round, exceeding RMB 100 million. The round was led by Taikang Life Insurance, with participation from Beijing Lang Ma Feng VC LTD., while existing investors Sequoia China and Gaorong Ventures continued to increase their stakes.

This round of financing will be used for the R&D and upgrading of XISOFT’s new-generation hospital smart operations platform, regional health supervision cloud services, and the “Xiao Xi” mobile online operations management platform product line, as well as for corporate brand building and market and business development. Through technology and services, XISOFT aims to help medical institutions achieve “smart operations and refined management,” thereby enabling high-quality development.

Amid the push for high-quality development in hospitals, XISOFT has seized the wave of upgrading hospital operation management system platforms, leveraged new-generation innovative information technologies, capitalized on opportunities for comprehensive cost accounting under DRG/DIP health insurance payment reforms, and advanced smart hospital management. By redefining the hospital operation management information platform, XISOFT has pioneered the launch of its independently developed hospital-level PaaS platform—XiCloud Platform—in China. This platform effectively connects and reconstructs front-end operational management with back-end information systems, serving as an “incubator” for digital operational management systems and redefining the value of hospital operation management system platforms.

Leveraging its “Platform + Strategy” approach, XISOFT has cultivated a diversified application ecosystem, establishing new paradigms in hospital operations management, smart management, operational big data, health supervision cloud, primary care management cloud, medical groups/medical consortia, and county-level medical communities. The company has successively launched the next-generation Hospital Smart Operations Platform 3.0 and unveiled its comprehensive “12580 Framework” for hospital smart management. The Hospital Smart Operations Platform 3.0 features a three-tier architecture comprising PaaS, SaaS, and DaaS, with 32 product sub-modules and over 1,360 management application scenarios. Meanwhile, XISOFT’s “12580 Framework” fully supports the Level 5 evaluation standards for hospital smart management, helping healthcare institutions build digitalized smart management models and empowering the digital transformation of hospital operations.

Regarding this round of financing,Chen Chong, Founder, Chairman, and CEO of XISOFTStatement: We extend our gratitude to both new and existing shareholders for their trust and support in XISOFT. By leveraging innovative information technologies, XISOFT stays attuned to the pulse of digital transformation in hospital operations management. Transitioning from isolated innovations to comprehensive, cluster-based applications, we are redefining the hospital operations management information platform. Our products have undergone an upgrade and metamorphosis from process-defined to data-defined models. Guided by the philosophy of “Connectivity, Data, and Intelligence,” XISOFT drives the digital upgrading of smart hospital operations through a focus on management accounting and data middle platforms, enabling data-driven decision-making. The new generation of the Smart Hospital Operations Platform reconstructs digital architectural capabilities, driven by AI, to build value through RPA/IPA applications. By leveraging new technologies to connect business processes, we empower healthcare institutions to transcend the traditional informatization stage centered on “process optimization and efficiency improvement.” Instead, they advance into the Data-Driven 3.0 development phase, characterized by a core framework of “Data + Algorithms + Processes” and centered on the new generation Smart Hospital Operations Platform. This approach meets the digital construction needs of hospital operations management for the next decade, as we continue to deepen our expertise in this field.

Taikang Life, the lead investor, is a leading large-scale insurance and financial services group in China, encompassing three core businesses: insurance, asset management, and healthcare and elderly care.Taikang Life Project LeadStatement: XISOFT will apply innovative digital and intelligent technologies to the field of hospital operations management, reconstruct a new generation of smart hospital operations platforms, significantly improve hospital management efficiency, and its products have been recognized by more than 100 large and medium-sized medical institutions. We are pleased to participate in this round of investment in XISOFT. Taikang will work with the company to continue promoting technology and product upgrades as well as market expansion, and we look forward to jointly witnessing the progress and transformation brought by innovative technologies and specialized service capabilities to the field of hospital operations management. Meanwhile, as big health is Taikang’s core strategy, we also hope to open a new stage of development for XISOFT through the synergistic empowerment of this investment and hospital business, jointly contributing to the development of Taikang’s big health ecosystem.

Zhuang Mingheng, Partner at Langmafeng Venture CapitalIt indicates that healthcare reform is compelling hospitals to enhance their refined operational management, significantly boosting the demand for digitalization and intelligence in hospitals. Consequently, there are substantial market opportunities for new-technology-architecture, integrated, platform-level healthcare informatics software. Inheriting the know-how accumulated over nearly a decade of product refinement in hospitals, XISOFT has reconstructed its products by combining this expertise with a new technological architecture. These products have been implemented and promoted in hundreds of medical institutions, verifying their maturity and earning positive customer reputation. With a full-scale market launch commencing this year, explosive growth is anticipated. The company’s founder, Chen Chong, has deep roots in the healthcare informatics sector and is well-versed in hospital scenarios. By positioning his startup to focus exclusively on this industry, he believes that professionalism and dedication will enable him to lead XISOFT to become an industry leader.