Corporates help sink $40m into DeePhi

Oct 26, 2017 •

The deep learning technology developer has raised $40m in a series A+ round from a consortium including Samsung and Ant Financial.

DeePhi, a China-based deep learning technology developer backed by Tsinghua University-owned conglomerate Tsinghua Holdings, has raised $40m in a series A+ round, according to China Money Network.

Financial services provider Ant Financial and consumer electronics producer Samsung co-led the round, which also featured China Merchants Capital, an investment arm of state-owned holding company China Merchants Group, and VC firm China Growth Capital.

Ant Financial is an affiliate of e-commerce group Alibaba.

Founded in 2016, DeePhi develops neural network compression technology…

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