Voice Recognition Firm Sibichi Completes RMB 500 Mln Series D
36Kr.com, 6/26/18
Suzhou-based voice recognition technology provider Sibichi Information Technology (AISpeech) recently announced completion of a new RMB 500 mln round of funding led by Suzhou-based Oriza Holdings and China Minsheng Investment with participation by Shenzhen Capital Group, Taiwanese electronics manufacturer Foxconn (2038.HK; 2354.TW), and Taiwanese chipmaker MediaTek (MTK). Sibichi plans to pursue a market listing and hopes to list on a Chinese capital market.
Sibichi's business operations broke even in 2017 and the company hopes to turn a profit in 2018. The company has formed a partnership with an unspecified major chip maker to establish a joint venture subsidiary, and the parties have already begun development of a smart voice interaction AI chip.
Sibichi mainly offers human-computer interaction technologies, products, and services based on smart voice and natural language processing technologies. Its business is concentrated in two areas. First, its smart terminal business operations include a DUI open platform, voice chips, and vertical solutions for vehicle, home, and robot Internet of Things applications; the company's technology is already used in more than 100 mln smart terminal products. Second, Sibichi plans to launch a new business assistant/enterprise smart services product line in the near future.
Editor's Note: Chinese IT industry investment information portal IT Juzi reports this newest round of funding as Series D. For more information on this topic, please see Voice Technology Firm Sibichi Lands RMB 200 Mln Series C, MD 1/18/16 issue.
Keywords: Series D AISpeech VC M&A hardware funding Foxconn 2038.HK 2354.TW MediaTek chipmaker Shenzhen Capital Group voice recognition Oriza Sibichi human-computer interaction Minsheng Investment JV artificial intelligence
Sending
