Core Viewpoint - Wuhan Paiyou Technology Co., Ltd. has completed a multi-million RMB angel round financing, which will be used for hardware mass production, technology research and development, and global marketing expansion [4][10]. Company Overview - Founded in October 2020, Paiyou Technology focuses on the AI + STEAM education sector, aiming to develop programming education hardware products suitable for the era of large models [4][6]. - The core team consists of members from prestigious universities and institutions, with the founder Ye Bochen being the youngest Chinese electronic engineer at Tesla [6][7]. Market Analysis - The global STEAM education market is projected to reach $30 billion by 2024, with the top 10 companies holding only 10-15% market share, indicating a fragmented market [8]. - The STEAM education market in China is approximately 65 billion RMB, with robotics and software programming accounting for 95% of this market [8]. Product Features - Paiyou Technology offers a more diverse range of real-world application scenarios compared to existing programming education hardware, allowing users to control various devices and learn principles of mechanics, physics, and mathematics [8][9]. - The company's products are designed to be intuitive and engaging for children aged 4-10, broadening the target audience for STEAM education [8]. Technology and Innovation - The programming puzzle product integrates AI models, featuring an "AI teacher" that provides real-time guidance through voice interaction, enabling deep self-learning of programming without electronic screens [9]. - Paiyou Technology has developed a self-researched compiler with a visual debugging system and has established a significant technological moat with numerous patents [10]. Sales Strategy - The company targets both B2B and B2C markets, with B2B clients including schools and training institutions, while B2C clients are individual and family consumers [10]. - The founder, Ye Bochen, holds 35.22% of the company shares, with indirect holdings through other companies totaling 82.76% [10].