Yunxuetang, an online corporate training platform, has raised a $50-million Series C round led by YunFeng Capital while AI and computer vision startup NextVPU has raised $28.82 million Series A from Cethik.
Employee training platform Yunxuetang raises $50m Series C
Suzhou and Beijing-headquartered online corporate training platform Yunxuetang has completed a $50-million Series C investment led by YunFeng Capital, a private equity firm co-founded by Jack Ma, executive chairman of Alibaba, the company announced.
Susquehanna International Group (SIG), an existing investor in Yunxuetang which led a $22 million Series B round in the company, also participated in the latest round.
Established in 2011, Yunxuetang is a learning management system offering services from exams to learning materials for companies operating in real estate, banking and insurance.
Computer vision firm NextVPU raises $28m Series A
Shanghai-based AI and computer vision startup NextVPU has raised RMB200 million ($28.82 million) in a Series A round from Cethik, a safety electronics subsidiary of Chinese state-owned firm China Electronics Technology Group, according to the China Money Network.
NextVPU offers embedded AI solutions for smart devices and applications. Proceeds from the round will be used to accelerate research and development, team expansion and strategic growth initiatives.
In 2016, NextVPU raised its angel round from Chinese venture capital firm Frees Fund.