AI developer Yitu Technology gets $55m Series C led by Hillhouse Capital

Shanghai-based artificial Intelligence (AI) developer Yitu Technology has received a RMB380 million ($55 million) Series C investment led by Hillhouse Capital Group, a Chinese private equity firm focused on consumer, TMT, industrials and healthcare spaces.

Others who participated in the investment include Yunfeng Capital, Sequoia Capital, Banyan Capital, and ZhenFund.

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