Our weekly column summarizes the tech financing highlights in China this week.
Investors continue to pay attention to the AI industry, and AI related products, such as big data oriented services, as well as deep learning and artificial intelligence technology backed robotics products. By now, many AI startups have finished developing new products independently, and have started to compete with tech giants. This week we have the AI startup, Horizon Robotics, which raised the highest financing round for Series A+ in USD 100 million.
Embedded AI startup Horizon Robotics receives USD 100M for Series A+ led by Intel
Founder: Yu Kai
Financing status: RMB 661 million (USD 100 million) for Series A+ financing in 2017
Embedded AI startup, Horizon Robotics, received USD 100 million for Series A+ led by Intel on October 20 to promote its autonomous driving business.
Intelligent restaurant management platform Dajialai receives USD 15M
Founder: Huang Tao
Founded in: 2015
Financing status: RMB 100 million (USD 15 million) for Series A financing in 2017
Intelligent restaurant management platform Dajialai received USD 15 million for Series A led by Meituan Dianping on October 19 to expand its team.
Xiaomi backed electric scooters manufacturer Ninebot receives USD 100M for Series C
Founder: Gao Lufeng
Founded in: 2012
Financing status: RMB 661 million (USD 100 million) for Series C financing in 2017
Xiaomi backed electric scooters manufacturer, Ninebot, received USD 100 million for Series C on October 20 for global expansions.
Industrial products purchasing platform VIPMRO receives USD 17M for Series B
Founder: Yan Zhang
Founded in: 2014
Financing status: RMB 11o million (USD 17 million) for Series B financing in 2017
Industrial products purchasing platform, VIPMRO, received USD 17 million for Series B on October 20 to recruit more talent to expand its team.
Podcast app CastBox receives USD 12.8M for Series A
Founder: Wang Xiaoyu
Founded in: 2016
Financing status: RMB 85 million (USD 12.8 million) for Series A financing in 2017
Podcast app, CastBox, received USD 12.8 million for Series A on October 23 to expand its products in the U.S.
IT service platform Shenzhou Guangda receives USD 12M for Series A
Founder: Gao Feng
Financing status: RMB 80 million (USD 12 million) for Series A financing in 2017
IT service platform, Shenzhou Guangda, received USD 12 million for Series A on October 23 to broaden its service range to more industries.
Car-hailing platform Shouqi Limousine & chauffeur receives USD 90M for Series B
Shouqi Limousine & chauffeur
Founded in: 1992
Financing status: RMB 600 million (USD 90 million) for Series B financing in 2017
Car-hailing platform, Shouqi Limousine & chauffeur, received USD 90 million for Series B on October 24 to expand its business across China.
AI developer DeePhi Tech receives USD 40M for Series A+ led by Ant Financial and Samsung
Founder: Yao Song
Founded in: 2016
Financing status: RMB 265 million (USD 40 million) for Series A+ financing in 2017
AI developer, DeePhi Tech, received USD 40 million for Series A+ on October 24 to invest in the research and development, as well as the commercialization, of new products.
Car sharing platform TOGO receives USD 22M for Series B
Founder: Wang Lifeng
Financing status: RMB 146 million (USD 22 million) for Series B financing in 2017
Car sharing platform, TOGO, received USD 22M for Series B on October 25 for market expansion plans.
Medical imaging platform Huiyihuiying receives undisclosed Series B in tens of millions of USD
Founder: Chai Xiangfei
Founded in: 2015
Financing status: Series B in 2017 amounting to hundreds of millions of RMB (Tens of millions of USD)
Medical imaging platform, Huiyihuiying, receives undisclosed Series B in tens of millions of USD on October 25 to broaden its service range.
(Top photo from 699pic.com)