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China Startup's Ai-based Monitoring System Helps Build Smart Cities - Nikkei Asian Review

by asia.nikkei.com posted 3weeks ago 31 views
BEIJING -- Supremind Intelligent Technology, a Chinese artificial intelligence-based video analysis startup, has raised nearly 100 million yuan ($14.6 million) in a pre-series A round, 36Kr has learned. The lead investor is Creo Capital, a financial unit of Hong Kong-based conglomerate New World Development. Angel round investors, including Linear Venture and Redpoint Ventures China, also increased their stakes in the Shanghai-based startup. With the fundraising, Supremind said it will enhance industrial solutions, product lineups and technical development with NWS Holdings, an infrastructure unit of its strategic partner New World Development.

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