Key Sentence:
- In June, IPO Of Chinese the funding round included existing investors Sequoia Capital China, Lenovo Capital, and Forbes Midas, who listened to Anna Fang’s ZhenFund.
IDG Capital, CoStone Capital, IPO of Chinese and Green Pine Capital Partners also took part in the round. The two-year launch is now worth more than $1 billion, Lee Ruiyu, co-founder and product manager, said in a video interview.
“This funding round will be used to dig deeper into our market, increase investment in research and development. And drive large-scale implementation of our intelligent manufacturing solutions,” said Lee, 28, who is on the 30 under 30 lists. in Asia, this year. SmartMore raised $100 million last October.
Computer vision technology can accurately identify and classify objects using deep learning models and digital images from cameras and videos.
SmartMore’s intelligent production technology IPO Of Chinese helps detect faults on the production line. Unmanned AI inspections for cars and semiconductors, for example, can streamline the verification process and increase production efficiency. A system trained to inspect products can analyze thousands of products per minute and detect defects that are invisible to the human eye.
According to SmartMore, its customers include:
- Consumer goods companies Unilever and Procter & Gamble.
- European aircraft maker Airbus.
- German auto parts maker Continental.
- Japanese camera maker Canon.
Early video enhancement technologies use AI to improve the image and video quality in entertainment, mobile gaming, and video conferencing. Thanks to favorable government policies, abundant investment capital, and China’s giant manufacturing industry.
In addition to Shenzhen, the launch has offices in Beijing, Chongqing, Hangzhou, Shanghai, and Suzhou in mainland China and Hong Kong.
Last November, SmartMore carried out its first overseas foray with an outpost in Tokyo. “There are many high-precision manufacturers in Japan that we can’t find in China,” he explained. “Through our partners in Japan, we have found a Japanese partner who can help us produce the necessary materials.”
And this month, SmartMore is looking to launch in Singapore, positioning itself as an artificial intelligence hub as part of its expansion in Southeast Asia. Its plans to establish itself as a global hub for developing, testing, implementing, and scaling AI solutions. “The country’s economic and financial policies ensure normal business operations. And funds can be distributed rationally, making Singapore one of the most successful countries in the world,” said Lee.