Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
China-based artificial intelligence technology developer Rich AI has obtained almost $10m in angel funding from investors including Kinzon Capital, the investment arm of conglomerate Fosun, and Yunqi Capital. Founded in 2017, Rich AI is working on natural language processing technology for industries including public security, financial, aerospace and government. It has also developed a text analysis product for law enforcement. The money will go towards technology development and allow Rich AI to enter additional sectors.
Powerhive, a US-based company building…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.