The Alibaba-backed automated sales platform operator has secured $17.2m in a round led by Sequoia Capital China.

Tungee, China-based sales technology developer backed by internet group Alibaba, has raised a RMB120m ($17.2m) series B round, DealStreetAsia reported today.

Sequoia Capital China led the round, which included fellow venture capital firm Qiming Venture Partners.

Founded in 2016, Tungee has developed a big data and artificial intelligence-powered customer engagement and management platform. The technology leverages machine learning and natural language processing to help companies automate sales.

The fresh funding will be used to boost the company’s research and development…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.