China Deal Monitor: AI startup Aibee raises $74m and more updates

China Deal Monitor: AI startup Aibee raises $74m and more updates

Artificial intelligence guided startup Aibee has gathered 522 million yuan ($74 million) in its Series A1 round of financing led by ClearVue Partners, Singularity Power Capital (SPC), per a company statement released on Thursday.

GSR Ventures, Chow Tai Fook Jewellery Company, and existing investor Sequoia Capital also joined the round. Aibee has raised as much as 1 billion yuan ($170 million) to date since it was set up in 2017.

Co-founded by Yuanqing Lin, former head in Baidu Research, Aibee serves AI total solutions to vertical industries. It offers solutions across streams such as computer vision, speech recognition, natural language understanding, big data analytics and robotics to provide operation management inputs for retail and tourism industries.

Aibee has partnered with companies such as Wanda Group, K11, Macalline, and Beijing Daxing International Airport.


DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on December 4-6, 2019. 

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