Fosun has led financial data technology startup Taodata's latest round, in which it raised $15.8m, as part of a big data and AI investment strategy.
Conglomerate Fosun has led a funding round sized at more than RMB100m ($15.8m) for China-based machine learning technology developer Taodata, China Money Network reported yesterday.
The round also featured venture capital firm Linear Venture, fund manager Chaos Investment and Jie Shi Capital.
Founded in 2016, Taodata provides artificial intelligence technology for customers in the financial services sector. Its main product is DataBrain, a machine learning-equipped platform that helps analysts and engineers create efficient data workflows.
The company has also developed…
