
China VC Weekly: Biggest Series A in Chip Industry, Big Data, Robots and AI
DataStory, a Chinese provider of big data and AI services, announced that it has raised a 120 million yuan ($17 million) series B+ round of strategic financing.
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DataStory, a Chinese provider of big data and AI services, announced that it has raised a 120 million yuan ($17 million) series B+ round of strategic financing.
In last week’s VC news, prominent autonomous driving technology company Momenta raised $500 million in a Series C+ round, bringing its total Series C financing to a whopping total of $1 billion.
In last week’s news, Faraday Future raises additional funds before possible listing, Jack Ma-backed biotech startup secures funds in a series C round, while logistics startup FlashEx raises a confident Series D round.
Chinese grocery e-commerce platform MissFresh announced Thursday a new $495-million funding round led by a fund under state-backed China International Capital Corporation.
In last week’s China VC news, local coffee brand Nowwa Coffee bags $31.51 million in its Series B and B+ Rounds, supermarket chain T11 rakes in $100 million in its latest financing round led by Alibaba and more.
This week two prominent Chinese online education players received considerable capital injections, while crowdfunding platform Waterdrop and China’s “Uber for trucks” Manbang also received significant investment.
In this week’s China VC news, AI risk management solutions provider Ice Kredit raises a 228 million yuan Series C2 round, cancer and immune disorder treatment developer Innolake Biopharm bags $46 million to speed up R&D, while RoboticPlus.AI receives $20 million from BAI and C Ventures.
In last week’s VC news, AI application company Singularity Systems closes A+ round of financing, streetwear retailer Knowin secures several hundred million yuan in a round led by Alibaba, and more.
As the coronavirus spreads around the world creating a new wave of panic and uncertainty, the VC landscape starts to look desolated again.
Artificial meat company Starfield nets a $10 million series A, who currently offers nearly 20 artificial meat product titles.
In last week’s China VC news, autonomous driving technology startup HoloMatic completed its Series B1 round of financing, SaaS vendor G+ bagged 180 million yuan for further business expansion, while prominent VC ZWC Partners closed a new $774 million US-dollar fund.
In last week’s VC news across China, logistics upstart YQNLink bags a whopping $100 million in its latest round, Hong Kong-based investment firm Gaw Capital Partners closes a further $430 million in funds, robotics startup MegaRobo closes a hefty $65 million investment round while Suzhou’s IntoCare Medical rakes in more than $15 million in its Series D fundraising round.