Lenovo Capital has chipped into the RPA software provider’s latest funding, which will go toward improving its products and entering new markets.
China-based robotic process automation (RPA) technology developer Cyclone has secured almost $40m in a series B round featuring Lenovo Capital, the corporate venturing arm of consumer electronics manufacturer Lenovo.
Matrix Partners China led the round, which included DCM Ventures, Source Code Capital and Qianhai Renzhi Capital Management.
Founded in 2015, Cyclone provides industrial internet-of-things software products that are powered by machine learning, deep learning, data processing and knowledge engineering. Its customers are from industries including finance, insurance, energy, government, public…
