Qiming Venture Partners has led Series A funding round in Chinese AI startup Kuaile Zhihui. Meanwhile, smartphone big data firm Teddy Mobile has closed its Series B round.
Chinese AI firm secures $10-million Series A
Lei Ming, former chief architect at Baidu Inc and founder of Kuwo, founded the robot developer two years ago that uses speech recognition, Big Data analysis and deep learning to develop educational robots to teach maths, Chinese and English to children.
Earlier this year, Qiming Venture Partners also joined a $100 million Series C round in Chinese ed-tech startup Xuebajun.
Teddy Mobile closes Series B round
Beijing-based smartphone data management firm Teddy Mobile has closed its Series B funding round led by Matrix Partners China and Fosun RZ Capital, reported China Money Network citing a company statement.
Although the sum raised in the latest round was not disclosed, the report said Teddy Mobile has now raised a total funding of over RMB200 million ($29 million), including a previous round from Shangshi Fund and 10Fund in December.
Teddy Mobile was set up in 2014 to develop and offer Big Data technology solutions for smartphone applications. The company plans to use the latest funding for research and development of new products and team expansion.