- AInnovation, a Beijing, China-based artificial intelligence company, completed a Series C financing round of an undisclosed amount
- The round, which valued the company at over 1 billion dollars, was led by CICC ALPHA, with participation from Guohe Capital and Riverhead Capital
- The company intends to use the funds to further enhance its position in AI by powering manufacturing, finance, retail, public services
- An AI subsidiary of Sinovation Ventures, AInnovation is an artificial intelligence company with a mission of “AI Empowering Business
- AInnovation delivers products and customized business solutions leveraging AI technology, empowering traditional industries to reduce costs
- Since its establishment in March 2018, AInnovation has completed Angel, A/A+, B, and C rounds of financing
