Beijing-based artificial intelligence (AI) solutions provider AInnovation has raised RMB400 million ($58.9 million) in Series A funding led by CICC Alpha, a subsidiary of China International Capital Corporation.
Other participants include Chengwei Capital and Sinovation Ventures, which has supported AInnovation through its incubator AI Institute since its founding last March. AInnovation focuses on delivering...
As Grab and Go-Jek accumulate war chests to finance their battle for leadership in Indonesia’s online services space, the greatest benefit could go to the next generation of local technology entrepreneurs
CleanMax Solar, an Indian solar power developer with several PE backers, has raised INR2.75 billion ($39 million) from UK Climate Investments (UKCI), a renewable energy investment platform managed by Macquarie Infrastructure and Real Assets.
RWDC Industries, a Singapore-based materials developer focused on biodegradable plastics, has raised $22 million from a group of investors including Vickers Venture Partners.
Tencent Holdings has led a Series C round for China-based Tangdou, a social media platform targeting senior citizens. Other participants include GGV Capital, Shunwei Capital and IDG Capital.