RM Group, also known as Ranmai Technology, the creator of China’s top virtual influencer AYAYI, has snapped $10 million in a Series A round led by BAI Capital.
The firm said in statement published via BAI Capital on WeChat that it will focus on artificial intelligence, augmented reality, Virtual Reality, and so on to upgrade its product offerings. Since its inception in October 2020, the firm has created and managed a slew of popular virtual idols, including Noah, Ro1yi, and Ayo. In January, the firm snapped “several tens of millions” yuan in a pre-A round led by SIG China which it planned to use for global expansion.