SoundAI deciphers investment in $15m round

Oct 30, 2017 • Robert Lavine

Baidu has participated in a series A round for sonic-focused AI technology developer SoundAI that took its total financing to $57m.

SoundAI, a China-based developer of acoustics-focused artificial intelligence (AI) technology, has raised RMB100m ($15m) in series A funding from investors including internet group Baidu, China Money Network reported on Friday.

The round, which closed last month according to local media reports confirmed by SoundAI, also featured wealth management firm A Plus Capital, venture capital firm Frees Fund and listed investment holding company Linekong Interactive Group.

Financial services firm Bank of Beijing supplied an undisclosed amount of debt financing as part…

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