Midea participated in a nine-figure renminbi round for the speech processing technology provider, which had previously raised at least $180m.
China-based voice recognition technology provider AISpeech has received several hundreds of millions of yuan (RMB100m = $14.5m) in funding from investors including home appliance manufacturer Midea, 36Kr has reported.
Midea invested through a corporate venturing subsidiary and was joined in the round by Citic Securities, Zhuhai Dahengqin and Yuanhe Holdings.
AISpeech produces natural language processing technology that allows connected devices to process, understand and interact with speech.
Proceeds from the round, described by AISpeech as pre-IPO funding, will support research…
