fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home AI & Big Data

China’s AI Startup DataGrand secures US$92 million funding in its Series C round

AsiaTechDaily Writer by AsiaTechDaily Writer
17 March 2022
in AI & Big Data, Featured
0
DataGrand
16
SHARES
Share on FacebookShare on Twitter
Bookmark(0)

Please login to bookmark

No account yet? Register

Chinese artificial intelligence-based startup that specializes in intelligence text recognition and processing services has secured US$92 million (580 million yuan) in its Series C funding round.

The funding round was joined by a portfolio of investors including China Merchant Securities, CITIC Securities, Legend Star, GF Securities, Xiang He Capital, Sunshine Insurance, technology-focused Advantech Capital and Hundreds Capital, along with returning backer Z Capital.

The company will be using the funding for research and development on its core products.

DataGrand is developing an office robot that read, process, and write text with the ultimate aim of replacing white-collar workers who presently are performing these tasks.

About DataGrand

Founded in 2015 by Dr. Yunwen Chen, an alumnus of Fudan University, DataGrand uses technologies such as natural language processing (NLP), robotic process automation (RPA), optical character recognition (OCR), and knowledge graph to develop efficient and easy-to-access robot products that serve the enterprise setups.

DataGrand provides customers with multiple text automation solutions such as documentation review, intelligent recommendation, intelligence research, knowledge mapping and more. It is one of the fastest growing and highest valued artificial intelligence-based software companies in the country.

The company’s services are deployed and used by dozens in vertical industries. It has established strategic partnerships with Sogou, Microsoft, and China Ping An Group. DataGrand has a strong client base including Banks of China, China Ping An, China Construction Bank, state-backed motor group SAIC Motor, technology giand Huawei, home appliances, JD.com, and Haier-a consumer electronics major among many others.

DataGrand had secured US$42 million (270 million yuan) funding in a Series B+ round of financing from Shenzen Capital, Chenshan Capital, Z Capital, and SAIF Partners.

Besides that, the company also has a backing from F&G Capital, Eastern Bell Capital, Haier Capital, Oriza Holdings’ Oriza Prior and ZhenFund.

 

What are your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: Artificial IntelligenceNatural Language Processingrobotic process automation
Previous Post

Digital Lending Platform RevFin raises US$13 million in pre Series A Funding

Next Post

Treehouse Finance raises US$18 million in its Seed funding round

Related Posts

Allinfra
Featured

Nomura leads $6m Series A in climate tech startup Allinfra

May 25, 2022
ADDX
Featured

Private market exchange ADDX raises $58m in pre-Series B funding

May 24, 2022
Pebble
Featured

Fintech startup Pebble raises $6.2m, to launch app in SE Asia

May 24, 2022
anycover
Featured

SG insurtech startup anycover nets $450k, eyes expansion into Malaysia, Indonesia

May 20, 2022
Grab
Featured

Grab reports 6% revenue rise in Q1 2022

May 19, 2022
Antler
Featured

Venture investor Antler commits $100m to over 300 startups in SE Asia in 4 years

May 19, 2022
Next Post
Treehouse Finance

Treehouse Finance raises US$18 million in its Seed funding round

Discussion about this post

No Result
View All Result

FREE NEWSLETTER

Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo