The smart equipment manufacturer looks to integrate AI into its products following cash supplied by Ping An and Tianma Microelectronics.

Hefei Sineva, the China-based smart manufacturing equipment maker, has raised $93m in a round featuring insurance provider Ping An and electronics manufacturer Tianma Microelectronics, according to DealStreetAsia.

Financial services firm China Merchants Bank’s subsidiary CMB International co-led the round alongside Cowin Capital, while Ping An invested through Ping An Caizh, the investment arm of its securities services subsidiary Ping An Securities.

Walden International, Turing Technology and Hefei Industry Investment Group also participated.

Founded in 2013, Sineva manufactures industrial robotic and…

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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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