Participated · Series C · Mar 2022

DataGrand is a Shanghai-based AI and RPA vendor whose platform combines Robotic Process Automation (RPA) with Intelligent Document Processing (IDP) to enable smart office automation. Its system supports scenarios such as contract review, data search and recommendation, automatic reporting and text analysis. Core technologies and solutions include natural language processing (NLP), optical character recognition (OCR), knowledge graphs, intelligent recommendations and hyperautomation. Founded in 2015, the company has deployed its offerings for many Fortune 500 companies’ smart office use cases. DataGrand completed a $90M Series C financing to bolster its market position. It intends to use the proceeds to strengthen its lead in Intelligent RPA and accelerate technical innovation and industrial application of its core products and solutions. DataGrand is a Chinese AI company founded in 2015 and led by CEO Dr. Chen Yunwen. It develops and applies natural language processing (NLP), optical character recognition (OCR), knowledge-graph and RPA technologies to deliver text automation solutions such as documentation review, intelligent recommendation, intelligent search and knowledge mapping. The company notes its solution does not use Microsoft’s underlying development frameworks and is deployed across dozens of vertical industries and by more than 100 enterprises. DataGrand has established strategic partnerships with Microsoft, Sogou and China Ping An Group. Customers include China UnionPay, Shenzhen Stock Exchange, HSBC, Deloitte, China Mobile, Huawei, Haier and Decathlon. It closed a CNY 270m (USD 38m) B+ funding round and intends to use the proceeds to scale up its business.

Participated · Series E · Mar 2021

Yunxuetang offers end-to-end corporate training solutions, including training infrastructure establishment, training materials development, program maintenance, data analysis and vendor management. Founded in 2011 and based in Beijing, the company positions itself as the largest and most comprehensive corporate training technology provider in China. Demand for its services accelerated in 2020 as companies shifted from offline to online training during the COVID-19 pandemic. After the Series E close the company became a unicorn at a $1 billion valuation. The recent financing will be used for AI technology and software product innovation, data center and IT center construction, content development and customer experience enhancement. Yunxuetang has previously raised capital from multiple top-tier private equity and venture investors as it expanded its service offering. Yunxuetang is a Chinese corporate training service provider that operates a platform for corporate training. The company has closed a $100 million Series D round led by private equity firm Centurium Capital. The new financing brings Yunxuetang's total capital raised to $200 million. The article does not disclose any operating metrics such as revenue or user numbers. No future plans or product roadmap details were provided in the coverage.

Participated · Series E · Jul 2018

MiningLamp Technology is a Beijing-based big data and artificial intelligence company. It develops products and services centered on big data analytics and AI. The company announced the completion of a $300 million Series E round of financing. The round was led by Tencent and Singapore’s state-owned investment firm Temasek. The article does not provide operating metrics, use of proceeds, or details of other investors. 明略科技 positions itself as an AI solutions provider focused on constructing enterprise data middle platforms and applying knowledge-graph and NLP technologies. The company reports serving more than 2,000 customers, including Procter & Gamble, Yum China, metro systems in Beijing and Shanghai, Construction Bank, China Life, Ping An Bank, multiple city big-data bureaus and a state power company. It says its core task is to help users build a data middle platform as the central management architecture for industry-wide digitalization. 明略科技 plans to pursue a productization strategy and will increase investments in technology, market expansion and talent. Management intends to work with investors to expand internationally under Belt and Road and to capture digitalization opportunities driven by new infrastructure, including targeted expansion in Russia and Southeast Asia. The company has been recognized in Gartner’s 2020 graph-technology Cool Vendor report and received the 2020 Wu Wenjun Artificial Intelligence Technology Invention First Prize. Minglue Data (北京明略软件系统有限公司) is a big-data application company focused on public security, finance, industrial and IoT sectors, delivering industry AI and business intelligence via knowledge-graph database implementations. The company says its core work is data fusion and governance to enable industry AI and to move customers beyond simple data on‑line to analysis, mining and a closed AI loop. Minglue plans to heavily invest its new capital into frontier technology R&D, expanding its data fusion and governance capabilities for AI. The company also intends to recruit more industry experts and international top scientists and to improve industry AI solutions and product user experience. Financially, Minglue completed a ¥1.0 billion C round and the transaction price for the company after the round was ¥1.4 billion. Founded in April 2014 and based in Beijing, the company has previously raised an A round in 2015 and a B round in 2016.