Hive Ventures invests in InfuseAI and 15 more deal updates from Greater China

Taiwanese machine learning startup InfuseAI has secured a $4.3 million Series A round funding led by the iPhone manufacturer Wistron Corporation, per a company statement on Tuesday. 

Taiwan-based, tech-driven global VC Hive Ventures partnering Taiwan Venture Capital Group, Silicon Valley Taiwan Investment and 500 Startups also joined the current round.

InfuseAI is gearing up to foray into the Japan market, followed by Southeast Asia. 

InfuseAI, set up in 2018, offers a gamut of development and data analysis services to enterprises in fintech and manufacturing sectors. Now its flagship solution, PrimeHub is an all-in-one, on-premise machine learning (ML) platform that can help companies maximise machine learning operations (MLOps).  

“As enterprises from manufacturing, healthcare, finance, and other sectors seek to scale their AI operations and model deployments, they will require a platform like InfuseAI to allow seamless collaboration between developers and data scientists,” said Hive Ventures managing partner and founder Yan Lee in the statement. 

Taiwan’s market size of MLOps is valued at nearly $30 million, and the global market is expected to reach about $4 billion by 2025, it said. 

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on April 02 – 06, 2021. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
Dingdong MaicaiShanghai700 millionDDST Global, CoatueSequoia Capital China, Tiger Global Management, General Atlantic, CMC Capital, Ocean Link, Capital Today, Hony Capital, 3W Fund Management, APlus Partners, Mass Ave Global, Cygnus Equity -
SoudianShenzhen122 million-Qianhai FOFCITIC Securities, China SME Development Fund's sub-fundAI and Machine Learning
InnostarShanghai100 millionPre-AShanghai Lianhe InvestmentNew Alliance, Atlas Capital, KQ CapitalAI and Machine Learning
JLCShenzhen76 millionAcquisition-Sequoia Capital China, Eastern Bell CapitalE-commerce
Innolake BiopharmHangzhou46 millionPre-A-CDH Investments, Wuxi Biologics' industry investment fund, Hangzhou Hua'an. Jingyin Investment, Huagai CapitalN/A
Pacific FutureShenzhen38 millionAA1: iDreamSky; A2: Gezhi Industrial Development-AR & VR
LePureShanghai* 15 million-Legend Capital-Biotech
BratteaShanghai15 millionB+Kuanping CapitalHengxu Capital, Sinnotec, BrosmedN/A
Chasing-Innovation TechnologyShenzhen15 millionPre-B, APre-B: Plum Ventures, Midday CapitalPre-B: TopoScend Capital; A: Shenzhen CapitalRobotics & Drones
Nantong Beixin New Energy TechnologyNantong15 millionA-Fresh Capital, Yingke CapitalCleanTech
Torre OriaShanghai15 millionAGL Ventures, BA Capital-N/A
AutoroadBeijing15 millionCTripod Technology, Jiangsu Yueda Jintai Fund Management-Autonomous Driving
PowerLaw AIBeijing9 millionASource Code CapitalMatrix Partners China, Sequoia Capital China, Linear Capital, Huayu Technology InnovationAI and Machine Learning
PlantagNantong9 millionAngel, Angle PlusAngel: ZhenFund, Shine King Investment; Angel Plus: Joy CapitalAngel:Chuxin Capital, Whales Capital; Angel Plus: ZhenFund, Shine King Investment, Whales Capital, Chuxin CapitalN/A
InfuseAI Taipei4.3 millionAWistron CorporationHive Ventures,Taiwan Venture Capital Group, Silicon Valley Taiwan Investment AI and Machine Learning
Lehigh HongKingShenzhen* 1.5 millionACowin Capital-Fintech

∗ indicates that the company did not provide the specific size of the deal but only a range. So, we adopt the smallest number in the range, which is “10 million yuan ($1.5 million)” in the given example. 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.