Legend Capital was among the investors in a round of undisclosed size for Kunlun, an AI chip subsidiary of Baidu, at a valuation of about $2bn.
Kunlun, a semiconductor-focused subsidiary of China-based internet group Baidu, has secured an undisclosed amount from investors including Legend Capital, the venture capital firm formed by conglomerate Legend Holdings, Reuters reported yesterday.
The round was led by private equity firm Citic Private Equity Funds Management and included IDG Capital and Oriza Holdings vehicle Oriza Hua, according to a person familiar with the matter cited by Reuters. Baidu confirmed the funding but declined to release further details.
Kunlun was launched in 2018…
