Chinese Cloud AI Start-Up CloudMinds Raises $100M

CloudMinds Inc., a Chinese start-up focused on the development of cloud-intelligence-based applications, and backed by SoftBank Group Corp., announced that it raised US$100 million in a series A funding round during a press conference held in Beijing yesterday.

Founded in 2015 by Huang Xiaoqing, the former head of research at China Mobile, CloudMinds aims to build artificial intelligent "brains" on the cloud, instead of within humanoid robots. An average human brain weighs less than 1.5 kilograms, while the silicon alone needed for an artificial brain would weigh over one thousand tons, based on current computing capacity, the company claims.

No identities of the investors were disclosed. The latest round follows the completion of US$31 million in angel and seed financing from SoftBank Group International, Hon Hai Precision Industry Co., Ltd., Walden International and ...

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