Chinese AI start-up CloudWalk gets new funding

Source:Global Times Published: 2018/10/8 18:38:39

Chinese artificial intelligence (AI) start-up CloudWalk has closed its fourth financing round on Monday to bring its total funding to 3.5 billion yuan ($507 million), the company said in a statement sent to the Global Times on Monday.

Investors in the latest Round-B+ financing round are from State-owned investment institutions including China Reform Holdings Corp, SFund International Holdings, Atlas Capital Group, Technology Financial Group and Bohai Capital Holding Co, said the company.

The national funding's support has shown China's confidence in forging its own core technologies, read the statement.

Founded in 2015, CloudWalk has been providing its facial recognition tech services in more than 400 banks in China.

Newspaper headline: AI start-up CloudWalk gets new funding

Posted in: COMPANIES

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