Laiye Raises $50M in Series C+ Funding
Laiye, a Chinese intelligent automation company, raised $50m in a Series C+ funding.
The round was co-led by the Ping An Global Voyager Fund and Shanghai Artificial Intelligence Industry Equity Investment Fund with participation from Lightspeed China Partners, Lightspeed Venture Partners, Sequoia Capital China and Wu Capital.
The company intends to use the funds to expand globally and develop products, to enhance its RPA offering with native AI capability, compatibility with more operating systems like Linux and Android, deploy on all major cloud platforms, and recruit top talent.
In the last year, Laiye reached several milestones with its innovative product offerings and fast developing ecosystem. Laiye accelerated its international expansion despite the pandemic and is now serving a growing customer base that includes numerous Fortune 500 companies, government agencies, and small and medium-sized businesses (SMBs). Laiye’s annual
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HONG KONG and SHANGHAI, April 21, 2021 /PRNewswire/ Ping An Insurance (Group) Company of China, Ltd. (hereafter Ping An or the Group , HKEx: 2318; SSE: 601318) is delighted to announce that Laiye, China s leader in intelligent automation, has raised $50 million in a Series C+ funding round co-led by the Ping An Global Voyager Fund and Shanghai Artificial Intelligence Industry Equity Investment Fund. Lightspeed China Partners, Lightspeed Venture Partners, Sequoia Capital China and Wu Capital also participated.
In the last year, Laiye reached several milestones with its innovative product offerings and fast developing ecosystem. Laiye accelerated its international expansion despite the pandemic and is now serving a growing customer base that includes numerous Fortune 500 companies, government agencies, and small and medium-sized businesses (SMBs). Laiye s annual robotic process automation (RPA) software subscription revenue soared with an
Inman Connect
Digital mortgage startup Better is taking advantage of the burning-hot housing market to launch mortgage services in three additional states: Minnesota, Vermont, and Virginia, the company announced Tuesday. The company now offers home loans in 46 states and Washington, D.C.
These are markets that have seen a surge in buyer interest as a result of low mortgage rates and the coronavirus pandemic, which allowed many prospective buyers to work from home and move out of major metro areas and into suburbs and smaller cities for their higher quality of life and lower cost of living, the company told Inman.
Laiye, China s answer to UiPath, closes $50 million Series C+ – TechCrunch techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.
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