CHINA BRIEF | Alibaba-backed voice interaction company AISpeech closes USD 58 million Series E round

Funding Rounds

▤ Summary

Voice interaction solutions provider AISpeech has closed a RMB 410 million (USD 58 million) Series E round led by CTC Capital, 36Kr reported on Tuesday. BAIC Capital, the investment arm of Chinese automaker BAIC and Goldstone Investment, the PE fund management subsidiary of Citic Securities, also joined this round. AISpeech was co-founded by University of Cambridge graduate Gao Shixing in the United Kindom in 2007 but relocated to Suzhou, Jiangsu in 2018. The company features a human-machine interaction platform called the dialogue user interface (DUI) and a chip named TH1520 it co-launched with Semiconductor Manufacturing International Corporation, the largest semiconductor foundry in China. It has provided its AI technologies to a wide variety of nearly 8,000 clients including smartphone maker Xiaomi, logistics company SF and Alibaba.

$ Funding

$
Amount $58.2M Total raised
□
Date April 7, 2020 Announcement date
◎
Investors 36kr Media, DAMO Academy Lead investors
▥
Company http://www.aispeech.com Funded company

▥ Classifications

industries
No industries detected
applications
AI & Machine learning

◇ AskAI Classifications

Labels
Artificial Intelligence Speech Recognition Software SaaS

▦ Linked Companies