CloudMinds, a China-based cloud-based artificial intelligence (AI) technology developer backed by telecoms and internet group SoftBank, has raised $100m in series A funding, China Money Network wrote on Friday.
The investors in the round have not been disclosed.
Founded in 2015, CloudMinds is developing technology that enables robots to be controlled through a cloud-based artificial intelligence platform rather than integrating the AI capabilities directly into each unit.
CloudMinds has also introduced a wider ecosystem that combines the cloud, networks and terminals, and related technologies such as a guide helmet that helps blind users navigate roads.
The company’s goal is to build a cloud-based interface that enables human users to interact with it. Additionally, it is seeking potential applications of its platform in sectors such as healthcare, financial services and manufacturing.
Contract manufacturer Foxconn and SoftBank’s subsidiary SoftBank Group International previously contributed to a $28m seed round in May 2016 alongside Walden International and Kaixuan Capital. The company had earlier received $3m in angel funding in 2015.