<article>Artificial intelligence startup PerceptIn and fashion e-tailer Ms Paris have raise funds.</article>

Artificial intelligence startup PerceptIn and fashion e-tailer Ms Paris have raise funds.
<h3 style="text-align: justify;">AI startup PerceptIn raises Series A round led by Matrix Partners China</h3>
Silicon Valley-based artificial intelligence startup <a style="color: #000080;" href="http://dealstreetasia.com/tag/perceptin" target="_blank">PerceptIn </a>has raised an undisclosed amount of funding in a its Series A round led by <a style="color: #000080;" href="http://dealstreetasia.com/tag/matrix-partners-china" target="_blank">Matrix Partners China</a>.
According to an announcement by Matrix Partners on WeChat quoted in China Money Network <a style="color: #000080;" href="https://www.chinamoneynetwork.com/2017/02/16/matrix-leads-series-a-round-in-ai-visual-solution-start-up-perceptin" target="_blank">report</a>,  the funding is worth tens of millions of RMB, however it did not specify the amount.
Founded in March 2016, PerceptIn is developing the &#8220;eyes and brains&#8221; for robotics and smart devices. Its products include a robotics vision system Visual Inertial Module and visual reality gaming solutions.
US-based venture capital firm Walden International and TEEC Angel Fund also participated in the round, which values the startup at RMB200 million ($28 million) post-money.
&#8220;PerceptIn provides smart visual systems for robots, smart vehicles and augmented reality hardware,&#8221; said Wang Huadong, a partner at Matrix Partners said in the announcement. &#8220;The most important step to make electronics &#8216;smart&#8217; is to give them eyes, mouths and brains, while PerceptIn is the answer to adding &#8216;eyes&#8217; and &#8216;brains&#8217; to electronics and to become the center of coordination.&#8221;
<h3 style="text-align: justify;">China&#8217;s Ms Paris raises $18m funding led by Northern Light Venture</h3>
Chinese online dress rental platform <a style="color: #000080;" href="http://dealstreetasia.com/tag/ms-paris" target="_blank">Ms Paris</a> has raised a $18 million funding round led by <a style="color: #000080;" href="http://dealstreetasia.com/tag/northern-light-venture" target="_blank">Northern Light Venture Capital</a>.
According to a report by China Money Network, quoting a company release, Matrix Partners China along with some existing investors, including China Growth Capital, also participated in the Series A round.
Founded in 2015 in Shanghai, Ms Paris enables consumers to rent branded and luxury women&#8217;s dresses at heavy discounts on the purchase price.
Northern Light Venture Capital is a China-focused venture capital firm targeting early stage opportunities of innovation and disruptive technology. Since its inception in 2005, Northern Light has backed over 180 ventures.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/65047-65047/" target="_blank">Matrix China leads $14m Series A in Shilili Hotel brand</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/china-northern-light-leads-25m-series-b-clinical-stage-firm-tennor-53871/" target="_blank">China: Northern Light leads $25m series B in clinical stage firm TenNo</a>

Artificial intelligence startup PerceptIn and fashion e-tailer Ms Paris have raise funds.

China: AI startup PerceptIn raises Series A led by Matrix Partners; Fashion e-tailer Ms Paris raises $18m

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

China: AI startup PerceptIn raises Series A led by Matrix Partners; Fashion e-tailer Ms Paris raises $18m

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief