Cambricon canters to nine-figure series B round

Jun 20, 2018 •

Cambricon Technologies, a China-based artificial intelligence chipset developer spun out from Chinese Academy of Sciences, has secured hundreds of millions of dollars in series B funding, China Money Network reported today.

TCL Capital, a fund owned by academic governing body and think tank Chinese Academy of Sciences, took part in the round, which valued Cambricon at $2.5bn.

SDIC Venture Capital, a subsidiary of state-owned investment holding firm China Reform Holdings, co-led the round with the Chinese government-owned Capital Venture Investment…

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