The computer vision chip producer is based on research at Tsinghua University and Chinese Academy of Sciences.
China-based computer vision technology provider Vion Technology has received approximately RMB100m ($14.9m) in a series C round featuring real estate developer China Jinmao Holdings, DealStreetAsia has reported.
Financial holding company Zhonghuijin Group also invested. China Jinmao, a subsidiary of petrochemical producer Sinochem, took part in the round through investment vehicle Jinmao Capital.
Viontech has developed computer vision chips for use in smart vehicles, security and customer data analysis. It utilises technology licensed from Tsinghua University and Chinese Academy of Sciences.
The company’s other shareholders include Samsung Ventures, a corporate venturing subsidiary of consumer electronics manufacturer Samsung, as well as Fortune Capital, Hua Capital and Tsing Capital, according to DealStreetAsia.
– This article first appeared on our sister site, Global Corporate Venturing.
