China Digest: AI firm Laiye bags $42m; Trustbridge unit puts $28m in Xband

China Digest: AI firm Laiye bags $42m; Trustbridge unit puts $28m in Xband

Beijing Laiye Technology has garnered $42 million in its Series C round while rural tourism solutions provider Xband has collected 200 million yuan ($28 million) in its Series B funding.

AI robot tech firm Laiye bags $42m in Series C round

Beijing-headquartered artificial intelligence & automation technology firm Beijing Laiye Technology has raised $42 million in its Series C round led by US multi-stage venture capital firm Lightspeed Venture Partners and Lightspeed China Partner’s sub-fund, according to a company statement on Monday. 

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