Led · Series B · Apr 2018

Founded in 2015 and led by founder and chairman Lingyun Gu, IceKredit provides comprehensive risk-mitigation solutions using artificial intelligence and big data. Its core offerings include proprietary machine-learning algorithms, standard personal and business credit scores, customizable credit-risk modeling, and an AI-powered platform. The company supplies anti-fraud tools and improved credit-decision capabilities to financial institutions and has developed a product aimed at mitigating credit risk in business lending. IceKredit reports 110 software copyrights and 36 patents and says it has partnerships with hundreds of financial institutions globally. In the United States it targets subprime customers not covered by traditional credit bureaus, and in recent years it has entered Southeast Asian markets. The company intends to expand its development team, pursue investments and acquisitions, and improve its business ecosystem. IceKredit develops AI-based credit risk and credit management solutions for banks and other financial institutions, including products such as the IceKredit credit score, an integrated enterprise risk control service, an intelligent risk decision engine, and a knowledge graph computing platform. The company operates R&D across two AI laboratories in the United States and China staffed with Ph.D. graduates from institutions like Carnegie Mellon, Stanford, Columbia, Purdue and UC Berkeley. IceKredit conducts research in deep learning, natural language processing, knowledge graphs, voice recognition and computer vision. Its client base includes regional banks, community banks, credit unions and large Chinese banks such as Bank of China, ICBC and Bank of Communications, and it has expanded into Southeast Asian markets working with banks including United Overseas Bank and Siam Commercial Bank. The company has a team of more than 270 employees. Following the fundraise its total disclosed funding stands at $91M. IceKredit provides a risk management platform powered by big data and artificial intelligence to support credit assessment for lenders and enterprises. Led by Dr. Lingyun Gu (founder, chairman and CEO), the company emphasizes advancing enterprise credit assessment technologies and models. It targets the U.S. sub-prime market—about 15% of the U.S. population not covered by FICO and related credit bureaus—and aims to offer individuals access to financial resources at relatively low rates. IceKredit has established offices in Los Angeles, Shanghai, Nanjing, Singapore and six other cities globally. The company reports over 1,000 paying clients and partnerships with dozens of leading financial companies and banks in China. Recent financing activity has increased its capital base and supported its product and market expansion efforts. IceKredit provides a credit assessment platform that applies machine learning algorithms and big data technologies to evaluate credit for individuals and small and medium-sized enterprises in China. Founded in 2015 by Dr. Gu Lingyun, the company is registered in the Shanghai Free Trade Zone and is located in the Lujiazui Financial District, with branches in Nanjing, Changzhou, Chengdu and Los Angeles. The company raised US$16m in a Series A round and intends to use the funds to expand its team and grow its user base. Upon inception, IceKredit received more than 160 million yuan in funding from venture capital firms including FreeS Capital, Yunqi Partners and Wei Lie Capital. Its core product focuses on credit evaluations powered by AI and big data rather than consumer-facing services. The company’s stated near-term priorities are team expansion and user acquisition.

Participated · Series C · Nov 2015

WakingApp provides an augmented reality (AR) toolset that enables professionals to rapidly and easily create AR experiences. Its ENTiTi AR Creator platform, ENTiTi 3.0, SDK and a mobile-optimized 3D engine with PBR support image and QR tracking and cross-platform SLAM leveraging Apple’s ARKit and Google’s ARCore for stand-alone apps or native app integration. The platform is used by thousands of designers and developers and is applied in training, advertising, healthcare and the automotive industry. WakingApp offers white-label solutions, immediate content updates without App Store resubmission, and native app integration options. The company will support Vuzix’s AR Smart Glasses and Vuzix will distribute limited-term ENTiTi licenses under a multi-year strategic partnership. Financially, WakingApp secured $2.6M in new funding led by Globis Capital Partners, in addition to $9.5M raised during its five-year history; CEO Matan Libis said the funds will be invested in sales and marketing to expand market reach. WakingApp offers an AR/VR platform (ENTiTi) that enables users, including those with no programming experience, to create advanced interactive augmented and virtual reality content featuring live data feeds, high-quality 3D imaging and animation, and games. The platform comprises ENTiTi Creator and ENTiTi Viewer for content creation and distribution. Content created on ENTiTi is accessible online on smartphones, tablets and leading smart glasses without additional devices. Founded in 2013 by Alon Melchner (president) and Udi Shani (CEO), the company is based in Tel Aviv, Israel. WakingApp raised $4.3M in a Series C round and plans to use the funds to expand its platform offerings and increase sales, marketing and business development in the United States and China.