Alibaba, Lenovo and Tuling Century all contributed to the deep learning chip developer's series A round, which reportedly valued it at more than $1bn.
China-based artificial intelligence chipset developer Cambricon Technologies has raised $100m in a series A round featuring subsidiaries of e-commerce group Alibaba and consumer electronics producer Lenovo, China Money Network reported on Friday.
The round was led by SDIC Chuangye Investment Management, part of the Chinese government’s State Development & Investment Corp, and included robotics technology provider Zhongke Tuling Century Beijing Technology.
CAS Investment, the investment arm of Chinese Academy Of Sciences, also took part, as did Oriza Seed Venture Capital…
