Yun Zhisheng Receives $100 Million Series C Financing, Coming Soon for AI Chips

On May 11th, IOT Artificial Intelligence Service Provider Yun Zhisheng announced that it had won a US$100 million Series C financing, led by China Energy Health Fund, 360, Qianhai Wutong M&A Fund, Hanfu Capital, etc. The largest single financing amount in the field of intelligent voice technology. At the same time, the company disclosed that the new round of C+ round financing with larger amount is also nearing completion. C Series financing is held by Hanergy Investment as exclusive financial consultant.

Founded in 2012, Yun Zhisheng has been focusing on the Internet of Things artificial intelligence services. It has intelligent speech recognition and semantic understanding technology with independent intellectual property rights, and it has built a full stack technology chain with algorithms, computing capabilities, and chip capabilities.

On May 16th, Yunzhisheng will launch an IoT-oriented AI chip that has been independently developed for nearly 3 years. This is the industry's first Internet of things AI chip with independent intellectual property rights and voice solutions.

Yun Zhisheng stated that because the market has been based on the product form of a universal chip solution in the home, smart speaker, and children's robot market, Yunzhi has verified the rationality of the product and user scenario, and the AI ​​chip will quickly enter the market after mass production. And to meet the needs of more product types and morphology on the cost, stability, integration and other aspects.

Yun Zhisheng calendar financing:

June 2013: Completed A round of 100 million yuan financing; December 2014: Completed 50 million US dollars round B financing; December 2015: Completed tens of millions of dollars B+ round of financing; August 2017: Completed nearly 300 million yuan Yuan C round of financing.

Yun Zhisheng CEO Dr. Huang Wei said: 'The recent Sino-US trade war reflects the shortcomings of China's core technology. We are still subject to people at many key technological nodes. Yun Zhisheng took the lead in the industry to determine 'cloud core' in 2013. Development strategy, decided in 2015 and devoted to the research and development of its own chips, Yun Zhisheng will continue to focus on the accumulation of its own core technologies and industrial applications in the AIoT field. This financing will be mainly used for the company’s artificial intelligence technology and The chip R&D investment will help the company achieve business innovation and transformation and upgrade with a one-stop solution with higher cost performance. At the same time, we will further accelerate business expansion in smart life and smart service areas, and actively invest in building a sound industrial chain ecology. '

Cloud knowledge business development in the past year

In the area of ​​white goods, Yunzhisheng has accumulated high-quality head customers including Gree, Midea, Changhong, etc., and in March 2018, United Micro Devices released the R1 smart speaker positioned as AI Central Controls.

In the automotive industry, Yun Zhisheng revealed that its market share in the aftermarket is over 70%, and it will soon establish a joint venture with a well-known car manufacturer to create a pre-loading gauge AI chip.

In the medical field, Yunzhisheng has launched a medical professional voice interaction solution in China and has launched more than 60 representative benchmarking Grade A hospitals. In December 2017, Pingyao Hao and doctors have jointly set up a comprehensive medical doctor's mobile layout. Medical artificial intelligence service on side and home terminal.

In the field of innovative business, Yunzhisheng's supercomputing platform business has created an artificial intelligence supercomputer benchmark with one billion gigaflops per second of floating-point computing capability. It is also building for Xiamen City People's Government and Ping An Group's Ping An Technology Corporation. And operate the domestic top artificial intelligence supercomputing center.

According to Yun Zhisheng, with the launch of its own production of AI chips, the company will use a more complete three-dimensional one-stop solution to unite with many strategic shareholders and partners to jointly cultivate multi-modality in the field of smart life and smart services. Artificial intelligence services, in order to accelerate the development of domestic alternative plans, to attack our own independent core technology continue to add bricks and tiles.

2016 GoodChinaBrand | ICP: 12011751 | China Exports