Startups Venture

China’s Voice Recognition Firm AISpeech Raised $76M

Morning Report: China based AISpeech raised a $75M Series D led by Oriza Holdings and China Minsheng Investment Group.

AISpeech, a Suzhou city-based artificial intelligence startup, just announced a $76 million Series D, boosting its total funding to over $121 million. The round was led by the Suzhou-based Oriza Holdings and China Minsheng Investment Group. Other participants include Foxconn Technology Group, MediaTek, and Shenzhen Venture Capital.

Follow Crunchbase News on Twitter & Facebook

The announcement came in a day after California-based voice interface startup raised $27 million from Amazon, Salesforce, Microsoft, and Comcast.

Founded in 2007 by two University of Cambridge graduates, AISpeech develops natural language interaction technologies like speech recognition, tone analysis, dialog management, speech synthesis, and natural language processing in both Chinese and English.

Currently, the company has partnered with some of the major car video recording, smartphone, and furniture manufacturers in China, such as Jado, Alibaba, Xiaomi, and Lenovo. Together it offers products such as an in-car operating system, intelligent robots, and smart home appliances.

As voice recognition gradually matures, companies like AISpeech are trying to turn these technologies into real-life applications that turn a profit. According to Chinese media site 36 Kr (link in Chinese), AISpeech is in direct competition with iFlytek, a public company, as well private counterparts Mobvoi Inc. and Unisound.

From The Crunchbase Daily:

A16Z debuts new crypto fund

  • Andreessen Horowitz launched a new $300 million crypto fund that will invest in cryptocurrency companies and protocols. The venture firm also announced that it has brought on a new general partner, former prosecutor Katie Haun, to co-manage the fund.

Celonis joins unicorn club

  • Celonis, a provider of business process analytics, raised a $50 million Series B round led by Accel and 83North. The financing brings the German company’s valuation up to $1 billion.

Jama Software raises $200M

  • Product development platform provider Jama Software has raised $200 million in a growth equity investment led by Insight Venture Partners. The Portland, Or.-based company previously raised $33 million in venture funding.

IPO scene heats up

  • A slew of tech companies are racing to get to public markets while the IPO window remains wide open. The list includes China-based tech giants Xiaomiand Meituan, along with U.S. software firms Domo and Elastic, plus a few automotive-related companies.

Illustration Credit: Li Anne Dias

Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.

Copy link