Legend Capital and Sunshine Insurance were among the investors in a $91.1m round for the text recognition software developer.

China-based text recognition technology provider DataGrand has secured RMB580m ($91.1m) in a series C round featuring insurance provider Sunshine Insurance and Legend Star, a subsidiary of conglomerate Legend Holdings, DealStreetAsia reported yesterday.

China Merchants Securities, GF Securities, Citic Securities, Xiang He Capital, Advantech Capital, Hundreds Capital and Z Capital filled out the participants in the round.

Founded in 2015, DataGrand has developed software which uses artificial intelligence, natural language processing, optical character recognition and robotic process automation to provide text…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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