Artificial intelligence startup AInnovation on Thursday announced it has closed a Series D round of financing after raising an undisclosed sum from SoftBank’s Vision Fund II.
Based on computer vision and machine learning, AInnovation integrates its three proprietary platforms – ManuVision, MatrixVision and Orion – to help industries achieve AI-driven operations across retail, manufacturing, finance, community and industrial park construction.
AInnovation, which started operations in 2018 in Shanghai, claims to have served a slew of leading groups such as China Everbright Bank, Chinese home appliance manufacturer Gree Electric, and Swiss food and drink conglomerate Nestlé.
Its early-stage investors also include CICC Capital’s investment arm CICC Alpha, SAIF Partners, CreditEase, China Renaissance, Qianhai FOF, Riverhead Capital, among others.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from June 3-4, 2021.
