Lilith Games helped artificial intelligence software developer Inspir.ai secure $46.3m while Microsoft AI spinoff Xiaoice closed its series A round at a billion-dollar valuation.
Funding
Inspir.ai, the China-based artificial intelligence software developer also known as Qiyuan World, raised RMB300m ($46.3m) in series A funding yesterday from investors including mobile game developer Lilith Games, DealStreetAsia reported. Venture capital firm GGV Capital led the round, which also featured Vision Knight Capital and Gaorong Capital, the latter of which had combined with Lilith Games to invest ‘millions of US dollars’ in the company in 2017.
Xiaoice, a China-based artificial intelligence technology developer spun off by software provider Microsoft, has completed a series A round featuring internet company NetEase at a valuation exceeding $1bn, Kr Asia reported yesterday. Hillhouse Capital, GGV Capital, IDG Capital, 5Y Capital and Northern Light Venture Capital also contributed to the round. The company has not revealed details of its earlier funding, but NetEase and Northern Light Venture Capital were identified as existing backers.
Fashion retailer H&M co-led a $45m series B round for…
