Recurrent AI develops B2B chatbots and smart robots using natural language processing and algorithms to improve sales communications across insurance, banking, real estate, and online education. The company has dual headquarters in Beijing and Shanghai and is described as a four-year-old developer. Its top clients include Tencent-backed Waterdrop, China Merchants Bank and the Cigna & CMB joint insurance platform, and English education giant XDF.CN. Recurrent collected $12 million in a new funding round to support product development and business expansion. CEO Lincong Chen said the proceeds will be used to advance robot products research and business extension. Prior investors include GSR Ventures, ZhenFund, Huashan Capital, and Eminence Ventures from a Series A in August 2019 and earlier pre-A backing.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2020