Chinese integrated circuits developer Hangzhou National Chip Science & Technology Co. announced today that it has secured a RMB150 million (US$22.34 million) series B round of financing led by a Chinese government-backed fund of funds. Sinovation Ventures, a Chinese venture capital firm founded by former Google executive Kai-Fu Lee, also participated in the new round. […] Chinese AI-Enabled IoT Chipmaker Raises $22M Series B Round From Gov’t-Led Fund comes originally from China Money Network. All Rights Reserved.