Etoury Technology completed tens of millions of yuan in Series A financing from Cheetah Mobile

AI navigation solution service provider Etoury Technology announcesd the completion of a Sseries A financing of tens of millions of yuan. The investor is Cheetah Mobile.

AI navigation solution service provider Etoury Technology announcesd the completion of a Sseries A financing of tens of millions of yuan. The investor is Cheetah Mobile.

According to Yang Zhenxian, founder of Etoury Technology, this round of financing will be used in two aspects: first, product research and development and technological innovation, including the adaptation and development of the underlying technology of AI navigation and development of products for different industries, application scenarios, terminals, and application forms, and explore new application industries; second, market expansion, in addition to increasing investment to boost market share in Beijing and the Yangtze River Delta region, the company will also set up offices in Shenzhen and Chengdu.

Founded in 2015, Etoury Technology is a developer of Chinese artificial intelligence guides. At present, the company has reached cooperation agreements with Microsoft, Baidu, Tencent, Cheetah Mobile, Wanda Group, Lvmama and other companies.

The founding members of Etoury Technology are all from internet companies such as Microsoft and Baidu and they have extensive experience in artificial intelligence, big data, and the Internet. Currently, the team has about 40 people, half of whom are technical staff.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/03/etoury-technology-completed-tens-of-millions-of-yuan-in-series-a-financing-from-cheetah-mobile/.

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