Ping An leaps into Laiye for $50m round

Apr 22, 2021 • Jordan Williams

Ping An Global Voyager Fund co-led a series C-plus round for the robotic process automation technology developer that will fund product development and international growth.

China-based automation technology developer Laiye secured $50m yesterday in a series C-plus round co-led by insurance group Ping An’s Global Voyager Fund.

Shanghai Artificial Intelligence Industry Equity Investment Fund co-led the round, which also featured Lightspeed China Partners, Lightspeed Venture Partners, Sequoia Capital China and Wu Capital.

Laiye is developing robotic process automation (RPA) software that enables businesses to improve productivity and efficiency by automating mundane tasks. Its products include an artificial intelligence-equipped chatbot it claims can simulate human-like conversation.

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