Tag: Unicorn

AI China

Chinese Computer Vision Unicorn Yitu Closes C+ Round With $200 Million

Chinese computer vision company Yitu announced today that is has secured US$200 million in its C+ funding round, with investments from GC Capital, ICBC International, and SPDB International.

AI China

China’s “National AI Team” Gets Busy

A phrase that’s cropping up a lot in Chinese media these days is “National AI Team (人工智能国家队).” While this may suggest a squad of scientists heading off to some sort of AI Olympics, it rather refers to a new class of AI companies that are either backed by national institutes or closely integrated into government-funded programs.