AInnovation, a Beijing, China-based artificial intelligence company, completed a Series C financing round of undisclosed amount.
The round, which valued the company at over 1 billion dollars, was led by CICC ALPHA, with participation from Guohe Capital and Riverhead Capital, as well as previous shareholder Huaxing Growth Capital.
The company intends to use the funds to further enhance its position in AI by powering manufacturing, finance, retail, public services, and other fields, accelerating the pace of AI commercialization.
An AI subsidiary of Sinovation Ventures, AInnovation is an artificial intelligence company company with a mission of “AI Empowering Business.” AInnovation delivers products and customized business solutions leveraging AI technology, empowering traditional industries to reduce costs, improve their business efficiency and value, and realize digital transformation.
AInnovation Completes Series C Financing Led by CICC ALPHA and Enters Unicorn Club
BEIJING, Dec. 20, 2020 /PRNewswire/ AInnovation recently completed Series C financing, entering the unicorn club. This financing round was led by CICC ALPHA, followed by Guohe Capital and Riverhead Capital. The previous shareholder Huaxing Growth Capital also continued to increase its position. China Renaissance and CICC served as joint financial advisors.
An AI subsidiary of Sinovation Ventures, AInnovation is a next-generation artificial intelligence unicorn that has grown up in this wave of AI industrialization. With a mission of “AI Empowering Business,” AInnovation delivers products and customized business solutions leveraging cutting-edge AI technology, empowering traditional industries to reduce costs, improve their business efficiency and value, and realize digital transformation.
AInnovation Completes Series C Financing Led by CICC ALPHA and Enters Unicorn Club
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BEIJING, Dec. 20, 2020 /PRNewswire/ AInnovation recently completed Series C financing, entering the unicorn club. This financing round was led by CICC ALPHA, followed by Guohe Capital and Riverhead Capital. The previous shareholder Huaxing Growth Capital also continued to increase its position. China Renaissance and CICC served as joint financial advisors.
AInnovation is a next-generation artificial intelligence unicorn that has grown up in this wave of AI industrialization. With a mission of AI Empowering Business, AInnovation delivers products and customized business solutions leveraging cutting-edge AI technology, empowering traditional industries to reduce costs, improve their business efficiency and value, and realize digital transformation.