Cethik buys into NextVPU’s series A vision

Oct 25, 2018 • Callum Cyrus

The China Electronics Technology Group subsidiary has invested $28.7m in NextVPU, which will use the funds for R&D, recruitment and the pursuit of its growth strategy.

China-based computer vision hardware developer NextVPU has secured RMB200m ($28.7m) in series A funding from Cethik, a safety products subsidiary of electronics manufacturer China Electronics Technology Group, DealStreetAsia has reported.

Founded in 2016, NextVPU develops computer vision and artificial intelligence (AI) hardware used in various smart devices and unmanned vehicles. Its products include computer vision processing chip N171 and AngelEye, a smart glasses device that converts visual data into audio for blind people.

The series A capital will be used…

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