Leyan Technologies, a China-based customer communication technology developer backed by internet company Beijing Kunlun Technology, has closed a RMB150m ($22.2m) series C2 round led by venture capital firm Sky9 Capital.
The money took the overall series C funding to roughly $44m, after a Kunlun-backed $21.1m series C1 round in May this year that was co-led by Blue Lake Capital and Eastern Bell Venture Capital, investing alongside Ivy Capital, Yunfeng Capital and ZWC Partners.
Founded in 2016, Leyan is developing an artificial intelligence (AI)-equipped platform which complements customer management in industries including e-commerce, education, government and healthcare. The software uses deep learning and natural language processing to execute smart product recommendations, cloud-based marketing and customer service quality assurance.
The series C2 proceeds will go to product research and development, market expansion, system improvement and AI technology enhancement.
Financial data aggregator Tianyancha shows ZWC Partners chipped into a series B round of undisclosed size for the company in 2019, and it had received another undisclosed amount of series A-plus funding from backers including Yunfeng Capital the year before, according to China Money Network.
Leyan had collected $2.2m from Ameba Capital, Ivy Capital, Shanghai Minhang District Finance Bureau and Yimei Capital in series A funding in August 2017. It came in the wake of a $650,000 pre-series A round six months earlier that was backed by Chuxin Capital, which had already participated in the company’s $430,000 round featuring Ameba Capital in 2016, according to PEdaily.