Sequoia leads $60m funding in AI startup

Venture capitalists and private equity funds are investing in Aibee, a young startup founded by Baidu’s former head of deep learning.

Sequoia leads $60m funding in AI startup

Aibee Beijing Intelligent Technology, a Chinese technology startup that focuses on artificial intelligence, has raised $60 million. The Series A deal underscores just how eager venture capitalists and private equity funds are to pursue high-quality AI developers.

The 12-month-old startup said on Tuesday that the latest round of funding was led by Sequoia Capital and furniture retailer Red Star Macalline.

Other investors include Lenovo Capital and Incubator Group the venture...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: aibee | baidu | ai | capital raising | technology | sequoia capital

Print Edition

FinanceAsia Print Edition

EVENTS