Iluvatar CoreX captures series B funding

Sep 20, 2019 • Callum Cyrus

Shanghai Electric Hongkong contributed to a round that took the AI computing product developer's overall funding to more than $45m.

China-based artificial intelligence technology developer Iluvatar CoreX has raised a nine-figure renminbi (RMB100m = $14.1m) amount in a series B round featuring power equipment manufacturer Shanghai Electric, China Money Network has reported.

Private equity firm Centurium Capital and investment firm Princeville Capital co-led the round, which included Bangsheng Equity Capital Fund. The corporate invested through its Shanghai Electric Hongkong subsidiary.

Founded in 2015 and officially registered as Nanjing Iluvatar InfoTech, Iluvatar supplies enterprise computing products and data-centric AI applications based…

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