The deep learning technology developer has raised $40m in a series A+ round from a consortium including Samsung and Ant Financial.
Financial services provider Ant Financial and consumer electronics producer Samsung have co-led a $40m series A+ round for China-based deep learning technology developer DeePhi Tech, China Money Network reported on Monday.
China Merchants Capital, an investment arm of state-owned holding company China Merchants Group, also took part in the round, as did venture capital firm China Growth Capital. Ant Financial is an affiliate of e-commerce group Alibaba.
Founded in 2016, DeePhi develops neural network compression technology and hardware architecture for…
