Sinovation Ventures, a VC firm backed by Foxconn, has taken part in a series B+ round for AI Nemo, which simultaneously revealed it previously obtained $30m.
China-based smart hardware producer AI Nemo, backed by contract manufacturer Foxconn, has raised a series B+ round of undisclosed size backed by Sinovation Ventures, China Money Network wrote yesterday.
Sinovation Ventures, which is itself backed by Foxconn, participated alongside Lightspeed Venture Partners and Chengwei Capital.
Founded in 2014, AI Nemo is also known as Xiaoyuer Technology. The company produces a family companion robot dubbed Xiaoyuer Zaijia (pictured) that offers features such as video calls, voice commands, cloud storage and…
