CloudMinds Inc, a Chinese startup engaged in cloud-based Artificial Intelligence (AI), has raised $100 million in a Series A round that saw participation from undisclosed investors, the China Money Network reported.
The announcement of the latest round over the weekend, follows the completion of an earlier $31 million in angel and seed financing from SoftBank Group International, Hon Hai Precision Industry Co Ltd, Walden International, and Keytone Ventures in May 2016.
CloudMinds aims to build cloud-based “AI brains” not limited on humanoid robots.
Compared to an average human brain that weighs less than 1.5 kilograms, over thousand tons of silicon alone is needed for an artificial brain, based on present computing capacity, the startup said.
Founded in 2015 by Huang Xiaoqing, the former head of research at China Mobile, CloudMinds has announced a cloud intelligence ecosystem, a combination of the cloud, networks and terminals, applications including a guide helmet to help the blind navigate the streets.
Its existing cloud central control system has been used by some enterprises in China, including insurance companies and property firms, as well as governments, the company claimed.
The tech startup is also building a cloud central control system that will connect actual humanoids with a central “nerve system” on the cloud.
CloudMinds is likewise finding ways to apply artificial intelligence in financial services, healthcare, government and manufacturing.