Unicorn | Synced

by Synced 2018-06-12 0

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.

by Synced 2018-05-03 0

AI China Emerging Company

UBTECH Robotics Gets US$820 Million Funding; Becomes the World’s Most Valuable AI Startup

Chinese AI and humanoid robotic company UBTECH Robotics today announced a staggering US$820 million in Series C funding. With its new estimated value of US$5 billion, Shenzhen City-based UBTECH becomes the world’s most valuable AI startup.

by Synced 2018-04-20 1

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.