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.
Topping the list is Beike Zhaofang, a Chinese real-estate brokerage platform also known as Ke.com, which has garnered $2.414 billion in a Series D+ round of financing from a battery of marquee investors including SoftBank, Tencent, Hillhouse Capital and Sequoia Capital China.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Sector|
|Beike Zhaofang / Ke.com||Tianjin||2.41 billion||D+||-||SoftBank, Tencent, Hillhouse Capital, Sequoia Capital China||Real Estate Tech|
|TELD||Qingdao||195 million||A||China Chengtong Holding Group, China Reform Financial Network, CDH Investments||Venus Growth Company Limited, Guangzhou Xinye Investments, Shenzhen Gaopeng Venture Partners, Qingdao Henghuitai Industrial Development Fund, Zhongchuang Yongte (Foshan) Investments Qingdao Jinyang Investments, Qingdao Honghu Investments||Automotive|
|Temi||Shenzhen||20 million||-||Joy Capital||FengHe Group||AI/Robotics|
|Waytous||Qingdao||14 million||A2||Cathay Capital||Haichuang Qianfeng, Sigma Square Capital, Hina Group||Automotive|
|Buffalo Lab||Shanghai||* 10 million||B||Sequoia Capital China||Qiming Venture Partners, China Growth Capital, MFund||IoT|
|Beijing Heye Technology||Beijing||* 1.4 million||A||-||-||Fintech|
|RealAI||Beijing||* 1.4 million||-||Green Pine Capital Partners||-||AI/Robotics|
|Teaplus Mouthwash||Shanghai||* 1.4 million||A||Sinotextiles Corporation Limited||-||Consumer & Brands|
* 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.