Vision Fund II backs AInnovation and other deal updates from Greater China

Vision Fund II backs AInnovation and other deal updates from Greater China

Artificial intelligence startup AInnovation on Thursday announced it has closed a Series D round of financing after raising an undisclosed sum from SoftBank’s Vision Fund II. 

Based on computer vision and machine learning, AInnovation integrates its three proprietary platforms – ManuVision, MatrixVision and Orion – to help industries achieve AI-driven operations across retail, manufacturing, finance, community and industrial park construction. 

AInnovation, which started operations in 2018 in Shanghai, claims to have served a slew of leading groups such as China Everbright Bank, Chinese home appliance manufacturer Gree Electric, and Swiss food and drink conglomerate Nestlé.

Its early-stage investors also include CICC Capital’s investment arm CICC Alpha, SAIF Partners, CreditEase, China Renaissance, Qianhai FOF, Riverhead Capital, among others. 

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from June 3-4, 2021. 

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