Beijing-headquartered RealAI has garnered over 300 million yuan (about $46 million) in its Series A round of financing, while animated content platform Laihua has pocketed 266 million yuan ($42 million) in its Series C round.
RealAI snags $46m in Series A
RealAI, headquartered in Beijing, announced on Thursday that it has garnered over 300 million yuan ($46 million) in its Series A round of financing.
New investors who participated in the round are Alibaba’s Ant Group and Kaola Fund, besides existing investor Delta Capital.
Founded by Tsinghua University’s AI research institute in 2018, RealAI is an artificial intelligence technology company. Its intelligent platforms – RealSafe, RealSecure and DeepReal – help safeguard security related to data and privacy, among others.
RealAI, which claims to have completed four rounds of financing to date, plans to invest the proceeds to spruce up its AI infrastructure platforms, and ramp up headcount.
RealAI caters to industries such as finance, energy and the internet – it counts China National Petroleum Corporation (CNPC), Power China, State Grid, and SPD Bank among its top clients.
Laihua raises $42m in Series C round
Animated content platform Laihua said on Thursday that it has pocketed 266 million yuan ($42 million) in its Series C round from investors such as CDH Venture and Growth Capital (VGC) and Esencia Fund.
Laihua has secured 620 million yuan ($96 million) over the past 10 months in three rounds of funding. Earlier, in July, it raised 188 million yuan ($29 million) in its pre-Series C round led by New Oriental Education and Culture Industrial Fund.
Prior to that, in April, it garnered 166 million yuan ($25 million) in its Series B++round of financing from Zhencheng Capital, Infinity Group’s Infinity Capital, among others.
Set up in 2015 by Shenzhen Qianhai Hand-painted Technology and Culture, Laihua claims to have served about 1,000 clients including the country’s Ministry of Culture and Tourism, and companies such as Alibaba, Tencent, Huawei, and Baidu.
Besides flagship products namely Doratoon, Soom and Perfoo, Laihua recently launched two new tools Laiiva and Whimark to improve collaborative working.