SoundAI, a China-based developer of acoustics-focused artificial intelligence (AI) technology, has raised RMB100m ($15m) in series A funding from investors including internet group Baidu, China Money Network reported on Friday.
The round, which closed last month according to local media reports confirmed by SoundAI, also featured wealth management firm A Plus Capital, venture capital firm Frees Fund and listed investment holding company Linekong Interactive Group.
Financial services firm Bank of Beijing supplied an undisclosed amount of debt financing as part of the round, which reportedly boosted the company’s overall financing to $57m.
Founded in 2016, SoundAI is working on tools such as ultrasonic recognition, directional speakers, acoustic communication, three-dimensional sound, wireless audio and conference systems that can be integrated into AI-based hardware as well as cloud services.
Frees Fund had joined Runzhe Capital in an $18m round for the company in 2016, before the former led its $24m pre-series A round, according to China Money Network.