The corporate has led a $49.8m pre-series A round for Suiyuan Technology, which will use the proceeds for research and development.
China-based deep learning technology startup Suiyuan Technology has secured RMB340m ($49.8m) in a pre-series A round led by internet group Tencent, China Money Network reported today.
Venture capital firm ZhenFund, investment management firm Yunhe Partners and private equity firms Delta Capital and Summitview Capital also participated in the round.
Founded in March 2018, Suiyuan is working on deep learning chips for use in artificial intelligence-equipped systems. The chips are being developed to provide high computational power and efficiency at an…
