Venture Capital
ICBC International Holdings Ltd, SPDB International and Gaocheng Capital have invested in a US$200 million series C+ round in Yitu Technology, a Shanghai-based artificial intelligence start-up specialized in the field of machine vision, big data and advanced hardware, according to Yitu’s announcement on its official WeChat account. Yitu was co-founded by Zhu Long, a University of California, Los Angeles (UCLA) PhD in statistics, and Lin Chenxi, a former senior expert at Alibaba Cloud computing, in 2012.