Chinese funds back local AI-RPA player Laiye
Laiye Technology, a Chinese artificial intelligence (AI) start-up that specializes in robotic process automation (RPA) has raised $50 million in an extended Series C round led by Ping An Global Voyager Fund and Shanghai Artificial Intelligence Industry Equity Investment Fund.
Lightspeed China Partners, its global affiliate Lightspeed Venture Partners, Sequoia Capital China, and Wu Capital also participated in the round. The Global Voyager Fund is controlled by Ping An Insurance...
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