Mogulinker (蘑菇物联) Raises ¥200M Series C+ Backed by Yunhui Capital

Mogulinker Closes ¥200M Series C+

Mogulinker (蘑菇物联; 广东蘑菇物联科技有限公司), a Chinese industrial AI company, has raised ¥200 million in a Series C+ round. Yunhui Capital participated in the financing, which was announced on September 3, 2026.

No lead investor was disclosed for the round.

What Mogulinker Does

Founded in 2016, Mogulinker builds AIoT software to control and optimize auxiliary energy systems — air compressors, chillers, pumps, and fans — in factories, data centers, and commercial facilities.

The company's cloud-edge-end stack includes IoT gateways, edge servers, and the LingZhi AI (灵知AI) vertical model with the LingX agent. Together, these components are designed to deliver safe unattended energy-station operation.

Measured Scale and Savings

Mogulinker reports the following operating metrics:

• 260,000+ energy devices connected
• 6,000+ enterprise customers served, including China Resources Sanjiu
• 3.6B+ kWh of electricity cumulatively saved

These figures position the company around industrial energy optimization, where auxiliary systems such as compressed air and cooling represent a significant share of facility power consumption.

Business Model

Mogulinker monetizes through installation-plus-annual-fee product contracts, as well as energy-saving revenue-share arrangements and AI-hosting services. This combination ties part of the company's revenue to delivered efficiency outcomes rather than software licensing alone.

Overseas Expansion

The company is expanding overseas through a July 2026 joint technology and market partnership with RYODEN, a Mitsubishi Electric group company. The partnership is aimed at extending Mogulinker's technology and market reach beyond China.

Investor

• Participating Investor: Yunhui Capital

Why This Round Matters

Industrial energy optimization sits at the intersection of AI software and physical infrastructure. Mogulinker's approach combines edge hardware, cloud software, and a vertical AI model to run energy stations without on-site operators — a proposition aimed at factories, data centers, and commercial buildings where auxiliary energy systems run continuously.

The Series C+ funding follows the company's stated expansion into overseas markets through the RYODEN partnership and supports continued deployment across its installed base of connected devices.

At a Glance

• Company: Mogulinker (蘑菇物联; 广东蘑菇物联科技有限公司)
• Founded: 2016
• Round: Series C+
• Amount: ¥200 million
• Announced: September 3, 2026
• Investor: Yunhui Capital
• Focus: AIoT software for auxiliary energy systems — air compressors, chillers, pumps, and fans
• Technology: Cloud-edge-end stack with IoT gateways, edge servers, LingZhi AI (灵知AI) vertical model, and LingX agent
• Scale: 260,000+ energy devices connected; 6,000+ enterprise customers; 3.6B+ kWh cumulatively saved
• Monetization: Installation-plus-annual-fee contracts, energy-saving revenue share, AI-hosting services
• Overseas Partnership: RYODEN (Mitsubishi Electric group company), July 2026