Turing Robot, a China-based artificial intelligence technology developer backed by animation studio Alpha Group, has raised an undisclosed amount of series B-plus funding, China Money Network has reported.
Private equity firms Zoy Capital and Qianhai Wutong Mergers and Acquisition Funds supplied the funding, which increased the total raised by the company to RMB350m ($53m), according to a press release cited by China Money Network.
Founded in 2010, Turing Robot initially focused on the development of an open-source platform for the creation of intelligent chatbots, but since 2015 it has pivoted to concentrate on text-to-speech and speech recognition systems for use in children’s products.
Alpha Group had provided RMB50m of funding for Turing Robot in 2015 according to China Money Network, but the company has not disclosed details of other earlier funding.
– Image courtesy of MIT review.