Natural Language Processing Firm AI Speech Raises 410M RMB in Series E Round

The Suzhou-based natural language processing startup AI Speech completed a series-E round of financing raising a total of 410 million yuan. The round was led by CTC Capital, BAIC Investment, and the CITIC subsidiary Goldstone Investment. The financing will mainly be used for product development, technological innovation and market expansion.

SEE ALSO: China VC Weekly: AI, Automation and Largest Investment Round in China’s Edtech History

AI Speech provides natural language processing solutions for Internet of Things devices based on a new generation of human-computer interaction systems and independently developed artificial intelligence chips. The company also offers an omni-channel intelligent information service robot solution.

Gao Shixing, chairman and CEO of AI Speech, said that in the future, his company will further increase R&D investment in technology innovation and product capability upgrades. The firm aims to facilitate the digitization of government apparatuses and the financial services industry.