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Chinese AI startup Grand Data raises $91.76 million in Series C · TechNode


Grand Data, a Chinese startup that focuses on implementing AI solutions in the workspace, has raised RMB 580 million ($91.76 million) in its Series C, as reported by 36Kr. Investors in the round include CITIC Securities, China Merchants Securities Co., Ltd., and GF Securities, among others. The funds raised will be used for research and development on the companies core products. Founded in 2015, the startup is developing an office robot that can read, process, and write text, with the ultimate aim of replacing white-collar workers who currently undertake these tasks. [36Kr, in Chinese]

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