Vion invites corporates for $20m series B

Dec 12, 2017 • Sam McCaffrey

Samsung and ABB have contributed to a $20m round for smart vision product developer Vion Technology, which will use the cash for hiring and product development.

China-based smart vision product developer Vion Technology has closed a $20m series B round featuring electronics manufacturer Samsung and engineering conglomerate ABB, China Money Network has reported.

Venture capital firm Tsing Capital and investment firm Waterwood also contributed to the round, which came after an undisclosed amount in series A funding from Fortune Capital and Beijing Semiconductor Design and Testing Investment Center in 2015.

Vion Technology was founded in 2005 and produces artificial intelligence-powered machine vision technology for smart cities…

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