Samsung, Ant Financial back China’s DeePhi Tech
Samsung Electronics and Ant Financial have jointly led a $40 million extended Series A round for DeePhi Tech, a Chinese artificial intelligence (AI) technology developer. China Merchants Venture Capital and China Growth Capital also took part.
This follows an initial Series A of $10 million in May, provided by Sigma Square Capital, Tsinghua Holdings, US-based Xilinx and Taiwan’s MediaTek, as well as existing investors Banyan Capital and GSR...
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