IDG Capital leads multimillion-dollar investment in SmartMore

SmartMore announced on June 29 the completion of a multi-million dollar Pre-A round of financing led by IDG Capital, with participation from ZhenFund and Lenovo Capital.

SmartMore announced on June 29 the completion of a multi-million dollar Pre-A round of financing led by IDG Capital, with participation from ZhenFund and Lenovo Capital.

Proceeds from this round of financing will be mainly used for intelligent manufacturing based on AI technology, ultra-high definition video and other system product development, talent recruitment and market expansion.

SmartMore is founded by Jia Jiaya, a top international expert in computer vision AI, Chinese University of Hong Kong’s professor and former Tencent scientist in December 2019.

SmartMore is committed to the application of AI, 5G and other technologies in the field of intelligent manufacturing and ultra-high-definition video. The company aims to break through the limitation of single algorithm capability, and help industrial clients achieve complete digitalization and automation.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/02/idg-capital-leads-multimillion-dollar-investment-in-smartmore/.

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