Artificial intelligence

Megvii powers up AI capabilities with $750m fundraiser

Unfazed by a significant cooldown in China's private equity market, the artificial intelligence startup has raised $750 million in the country's second-largest private fundraiser this year.

Chinese artificial intelligence startup Megvii announced on Wednesday that it has raised $750 million after closing the second tranche of its Series D equity funding, showing signs that public investors clearly remain committed to disruptive technologies despite a significant cooldown in China’s private equity market this year.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media