Lingmou AI closes new financing round for R&D and global business development

Lingmou AI has completed a financing round of tens of millions of yuan in the second half of 2019. The proceeds will be used for product research and development and global business development. A new round of financing will be launched in the near future.

Lingmou AI has completed a financing round of tens of millions of yuan in the second half of 2019. The proceeds will be used for product research and development and global business development. A new round of financing will be launched in the near future.

Established in August 2017, Lingmou AI is transforming from a technological tool company to a data company. Its products or services can be divided into three major categories: software based on core algorithm, hardware, and data-based integrated execution services.

The company mainly provide image and video recognition and other technical services and standard reports for branded manufacturers, channel distributors and market research companies.

In April 2018, Lingmou AI received tens of millions of yuan in angel round jointly invested by Meridian Capital, Oriza Holdings, and Tsing Ventures.

In 2020, Lingmou AI plans to expand the business team, continue to improve the learning and recognition capabilities of various fast-moving consumer goods SKUs, and further improve the closed-loop service ecosystem from display and inspection in retail scenario, data analysis to providing intelligent execution of integrated solutions.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/26/lingmou-ai-closes-new-financing-round-for-r-d-and-global-business-development/.

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