<article>Chinese tech companies City Cloud and SoundAI have successfully raised $30 million and $15 million in separate funding rounds respectively.</article>

Chinese tech companies City Cloud and SoundAI have successfully raised $30 million and $15 million in separate funding rounds respectively.
<h3>Cisco Investment backs $30m round in City Cloud </h3>
<a class="tinymce-colortext" style="color: #000080;" href="https://www.dealstreetasia.com/?s=Cisco+Investments" target="_blank" rel="noopener">Cisco Investments</a> and <a href="https://www.dealstreetasia.com/?s=Country+Garden+Holdings" target="_blank" rel="noopener">Country Garden Holdings</a> co-led a $30 million (RMB200 million) Series B round in <a href="https://www.dealstreetasia.com/?s=Citycloud" target="_blank" rel="noopener">City Cloud International</a>, a Hangzhou-based company focused on cloud computing and Big Data technologies, China Money Network reported.
City Cloud disclosed the latest investment during the company&#8217;s fifth anniversary, along with RMB500 million worth of credit from several banks.
The company develops and sells Smart+Connected Communities platforms and cloud computing services. It has subsidiaries in Beijing, Guangzhou, Shanghai, Chengdu, and Hong Kong.
<h3>Tech startup SoundAI raises $15m in series A round</h3>
Beijing-based start-up <a href="https://www.dealstreetasia.com/?s=SoundAI" target="_blank" rel="noopener">SoundAI</a> recently raised up to $15 million (RMB100 million) in its Series A round backed by <a class="tinymce-colortext" style="color: #000080;" href="https://www.dealstreetasia.com/?s=Baidu" target="_blank" rel="noopener">Baidu</a>, <a class="tinymce-colortext" style="color: #000080;" href="https://www.dealstreetasia.com/?s=Aplus+Capital" target="_blank" rel="noopener">Aplus Capital</a>, <a class="tinymce-colortext" style="color: #000080;" href="https://www.dealstreetasia.com/?s=Frees+Fund" target="_blank" rel="noopener">Frees Fund</a>, and Hong Kong-listed firm <a href="https://www.dealstreetasia.com/?s=Linekong+Interactive" target="_blank" rel="noopener">Linekong Interactive Group</a>.
<a class="tinymce-colortext" style="color: #000080;" href="https://www.dealstreetasia.com/?s=Bank+of+Beijing" target="_blank" rel="noopener">Bank of Beijing</a> also joined the round by providing venture loans, the China Money Network reported.
Chen Xiaoliang, a former researcher from the Institute of Acoustics at Chinese Academy of Sciences, founded SoundAI in 2016 to develop sonic technology that focuses on acoustics. The company&#8217;s technology now includes ultrasonic recognition, directional speakers, acoustic communication, three-dimensional sound, wireless audio, conference systems to support artificial intelligence technology application.
The tech startup last year raised $24 million in a pre-Series A round led by Aplus Capital, with participation by Frees Fund.
Also Read:
<a href="https://www.dealstreetasia.com/stories/chinese-voice-recognition-firm-iflytek-launches-150m-ai-fund-85070/" target="_blank" rel="noopener">Chinese voice recognition firm iFlytek launches $150m AI fund</a>

Cisco Investments and Country Garden Holdings co-led a $30 million (RMB200 million) Series B round in City Cloud International.

China Digest: Cisco backs $30m round in City Cloud; SoundAI raises $15m

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China Digest: Cisco backs $30m round in City Cloud; SoundAI raises $15m

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