Longmao Data closes RMB33m Pre-B financing round

Chinese AI data service platform Longmao Software recently secured a RMB33 million Pre-B round of financing led by KIP China and GSR Ventures. This round of financing will be mainly used for market expansion, R&D for automated data labeling tech, and investment in artificial intelligence tech.

Chinese AI data service platform Longmao Software recently secured a RMB33 million Pre-B round of financing led by KIP China and GSR Ventures. This round of financing will be mainly used for market expansion, R&D for automated data labeling tech, and investment in artificial intelligence tech.

The Longmao platform was launched in 2014, and its services cover computer vision, speech recognition, semantic understanding, self-driving, and AI application in traditional industries.

From the perspective of the functions provided by its data platforms, the company has implemented automatic AI labeling. Based on the accumulated labeling items and data, the company has developed tools to predict in scenarios such as face recognition, image semantic segmentation, voice recognition, and autonomous driving.

At present, the platform has about 5 million registered users and more than 2,000 labelling teams. It has served hundreds of internet and technology R&D companies, including Baidu, Alibaba, Samsung, JD.com, Kuaishou, Toutiao, Xiaomi, Ping An, China Mobile.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/06/longmao-data-closes-rmb33m-pre-b-financing-round/.

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