Cethik-backed artificial intelligence chipmaker NextVPU has received $42.3m from unnamed investors to scale its research and development activities.
NextVPU, a China-based computer vision technology producer backed by safety product manufacturer Cethik, has closed RMB300m ($42.3m) in series B funding from unnamed investors, Xindongxi reported on Monday.
Founded in 2016, NextVPU has developed semiconductor technology for use in computer vision and artificial intelligence applications.
The company is also developing standalone products, including AngelEye (pictured), a smart glasses product that helps the visually impaired that with object detection, for which the company has already completed a crowdfunding campaign on Indiegogo.
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