China Deal Monitor: Sequoia leads Series B in Buffalo Lab and more updates

AIoT-driven circuit chips developer Buffalo Lab has raised tens of millions of dollars in a Series B round funding led by Sequoia Capital China, according to a company statement on Thursday. 

Qiming Venture Partners, China Growth Capital and MFund also participated in the current round. 

Buffalo Lab is committed to offering smart ultra-low power and intelligent system-on-a-chip. Its products cater to smart home, smart city, smart manufacturing, smart robotics, smart telecom device and automobile sectors. Additionally, it also offers AIoT-based services such as face recognition, speech recognition, and multi-sensor fusion.

The company’s top clients include Apple, Google, Samsung, Huawei, Microsoft and Sony.

Buffalo will look at market expansion strategies and also speed up R&D efforts.

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from March 4-5, 2020. 

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