artificial intelligence
SenseTime backs China autonomous driving start-up WeRide
WeRide.ai, a Chinese autonomous driving technology specialist formerly known as Jingchi.ai, has raised several hundred millions of US dollars in an extended Series A round led by local artificial intelligence (AI) company SenseTime.
TNB Ventures, Aura Group close $23m VC fund
Singapore’s TNB Ventures and Australia’s Aura Group have jointly closed a S$31.1 million ($27 million) venture capital fund that will invest in data-driven B2B companies across Southeast Asia.
Chinese smart retail services provider raises $100m
Xianlife, a Beijing-based smart retail service provider, has received $100 million in funding together with its subsidiary Good Neighbors Convenience Stores.
Google joins Series C round for Japan's Abeja
Google has participated in a Series C round for Japanese corporate analytics player Abeja, taking the company's cumulative funding to JPY6 billion ($53 million).
Chinese AI player Aibee gets $60m Series A
China and US-based artificial intelligence (AI) solutions provider Aibee has raised $60 million in a Series A round of funding led by Sequoia Capital China and Red Star Macalline, a Hong Kong-listed furniture mall operator.
Matrix, Ceyuan invest $22m in China's Elens
Elens Data, a Beijing-based developer of artificial intelligence (AI) text and natural language analysis solutions, has raised RMB150 million ($22 million) in a Series A round led by Matrix Partners China with participation from Ceyuan Ventures.
Investors seek new openings as China tech matures – AVCJ Forum
Investors in China’s technology space must learn to play contrarian angles as consumer-facing segments become increasingly difficult to penetrate.
EDBI joins $50m round for US-based WalkMe
Singapore’s EDBI has joined a $50 million Series F round for US-based enterprise software provider WalkMe that will drive an Asia Pacific expansion.
Malaysia to invest $478m in PE, VC matching scheme
The Malaysian government will allocate MYR2 billion ($478 million) to a co-investment scheme that will match investments made in the country by private equity and venture capital funds.
Intel Capital backs China healthcare AI business
Intel Capital has led an investment of undisclosed size in Huiyi Huiying, a Chinese medical imaging technology developer that uses artificial intelligence (AI).
Chinese smart city player Terminus raises $173m Series B
Terminus Technologies, China’s largest city-level mobile internet platform, has raised RMB1.2 billion ($173 million) in an extended Series B round led by China Everbright and IDG Capital. Local artificial intelligence (AI) technology developer SenseTime...
India's IvyCap launches $8m angel fund
India’s IvyCap Ventures has launched an angel fund targeting INR600 million ($8.2 million) that will make seed to Series A-stage investments.
CLSA launches early-stage fintech unit
Hong Kong’s CLSA has launched an investment unit called AlphaLabs that will back early-stage financial technology companies in Asia.
Chinese autonomous driving player RoboSense raises $45m
RoboSense, a VC-backed company based in China that develops sensing technology for autonomous cars, has raised about $45 million from strategic investors including Alibaba Group and domestic carmaker SAIC Motor Group.
State-owned funds back Series B for Chinese AI start-up
Cloudwalk, a Chinese artificial intelligence (AI) start-up that specializes in facial recognition technology has closed a Series B round of funding led by several government-backed funds. The deal underlines China’s desire to push further into AI-powered...
India, US-based Netradyne gets $21m Series B round
Netradyne, a US and India-based developer of artificial intelligence (AI) technology focused on automotive applications, has raised $21 million in Series B funding from a group of VC and strategic investors.
India's Pi Ventures closes early-stage fund at $31m
Pi Ventures, an Indian early-stage investor focused on artificial intelligence (AI) and machine learning, has closed its debut fund at INR2.25 billion ($30.9 million).
CDC Group backs India's Pi Ventures
CDC Group has committed $6 million to a fund managed by Pi Ventures, an Indian firm focused on artificial intelligence (AI) and internet-of-things (IoT).
Eight Roads leads $15m Series B for China's Kyligence
Kyligence, a Chinese big data analytics business, has received $15 million in Series B funding led by Eight Roads, with participation from Cisco and several existing investors.
VIDEO: Baidu Capital's Jenny Wu
Jenny Wu, a managing partner at Baidu Capital, discusses growth stage investment in artificial intelligence
China's SenseTime closes $620m Series C-plus round
Chinese artificial intelligence (AI) technology developer SenseTime has raised $620 million in Series C-plus funding, its second capital injection in as many months. The investment values the business at over $4.5 billion.
China's Sinovation launches AI-focused fund
Sinovation Ventures has formed a RMB2.5 billion ($395 million) venture capital fund that will focus on artificial intelligence (AI). It is a cooperative effort with the Guangzhou government to drive technology development.
China's Baidu to establish internet, AI-focused fund
Chinese search giant Baidu has announced plans for an investment fund that will concentrate on start-ups with pan-internet and artificial intelligence (AI) strategies. The vehicle – known as Changcheng Investment Partners – will have initial capital...