Chinese artificial intelligence (AI) solution provider Unisound announced that it has raised a RMB600 million (US$89 million) series C+ round led by China Internet Investment Fund – RMB100 billion fund initiated by Cyberspace Administration of China and Chinese Ministry of Finance. Other investors including CICC Jiacheng Investment Management– a fund backed by CICC, and JIC Capital Management (Tianjin) Ltd. – a private equity fund established by JIC, and a Chinese integrated investment group, according to Unisound’s announcement. Proceeds of this …

Government-backed China Internet Investment Fund Leads $89M Series C+ Round In AI Firm Unisound appeared first on China Money Network.