Enflame Technology, a Tencent-backed Chinese artificial intelligence (AI) chip maker, announced on Thursday the completion of its Series D funding round at 2 billion yuan ($273.7 million) from investors including funds affiliated with a state capital investor in Shanghai. The Series D round was co-led by a few funds backed by Shanghai International Group, a state capital operator that manages 140 billion yuan ($19.2 billion) in assets, Enflame announced in a post on its official WeChat account. New and existing investors including Chinese photo editing app owner Meitu and Tencent Holdings, which has worked with Enflame in developing an AI chip called “Zixiao” for processing images, videos, and natural languages, participated in the deal.
Comments