The AI accelerator technology developer raised an eight-figure dollar amount in a round led by a China Mobile-backed investment vehicle.
A fund backed by telecommunications firm China Mobile has led a series A-plus round in the eight-digit dollar range for China-based artificial intelligence (AI) accelerator startup Beijing VirtAI Technology, DealStreetAsia reported yesterday.
The telecoms fund, formed by China Mobile and financial services firm China Merchants Bank CMB International subsidiary, was joined by GL Ventures, the venture capital subsidiary of hedge fund manager Hillhouse Capital, according to a WeChat post.
VirtAI is developing software-defined AI accelerator technology, helping customers to pool…
