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.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on December 4-6, 2019.
Among the top deals in the table, Sequoia Capital has backed a $10-million pre-A round funding in artificial intelligence solution provider Graviti.
Meanwhile, Hong Kong-based AI service platform Area28 has bagged 15 million yuan ($2.15 million) in its seed round led by Alibaba and Vectr Ventures.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Sector|
|Aibee||Beijing||74 million||A1||ClearVue Partners, Singularity Power Capital||GSR Ventures, Chow Tai Fook Jewellery Company, Sequoia Capital||AI/Robotics|
|Suzhou Ribo Life Science||Suzhou||28 million||C1||Panlin Capital, Baxxon||Legend Capital, China SDIC Gaoxin Industrial Investment Corp, Hanyang Capital, Blue Ocean Capital, InnoSpring, Daxie Yungong Capital, Zhonghui Capital||Health-Tech|
|Hygea Medical Technology||Beijing||28 million||B||Beijing Jianxing Medical Fund||Kunying Capital, Shuncheng Capital||Health-Tech|
|Rizhiyi||Beijing||11 million||B||Danhua Capital||CGP Investment, Sequoia Capital China||AI/Robotics|
|Graviti||Shanghai||10 million||Pre-A||-||Sequoia Capital, Yunqi Capital, Zhen Fund, Fenghe Fund Management||AI/Robotics|
|Leagsoft||Shenzhen||9 million||-||Fortune Capital||-||Software & Service|
|Jinxing Technology||Shenzhen||7 million||A+||Hongta Capital||Bright Venture Capital||High-Tech|
|Area28||Hong Kong||2.15 million||Seed||Alibaba, Vectr Ventures||APES Ventures, Bright Success Capital, Ironfire Venture||Media & Entertainment|
|Unimeddx||Shanghai||* 1 million||A||CICC Capital||-||Health-Tech|
* indicates that the company did not provide the specific size of the deal but only a range, such as “hundred millions of yuan.” In this case, we adopt the smallest number in the range, which is “100 million yuan ($14 million)” in the given example.