SonicAI, a China-based acoustics intelligence technology developer backed by internet group Baidu, has secured RMB200m ($29m) in series B funding, Pandaily has reported.
Private equity firm Addor Capital led the round, which included financial services firm Zhongguancun Bank and venture debt provider InnoVen Capital.
Founded in 2016, SoundAI produces intelligent acoustics technology that can be integrated into artificial intelligence-based hardware systems, enabling them to interact with and respond to external sounds more effectively.
The company closed a $15m series A round in October 2017 featuring Baidu, online game producer Linekong Interactive Group, wealth management firm A Plus Capital and venture capital firm Frees Fund.
SonicAI also received an undisclosed amount of debt financing from financial service firm Bank of Beijing as part of the series A round.
Frees Fund had already participated in in an $18m round for SonicAI in 2016 alongside VC firm Runzhe Capital, and returned to lead its $24m pre-series A round, according to China Money Network.