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Over 100 Million Yuan Financing for "Hardware Startup" Settles in SIP


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Startup and research of intelligent hardware is called "hardware startup". Suzhou Industrial Park (SIP) Science & Technology Development Bureau announced on January 19 that the first financing fund of over 100 million yuan for domestic "hardware startup" in 2016 was secured in SIP. Suzhou AISpeech Information Technology Co., Ltd. (AISpeech) recently secured nearly 200 million yuan investment to enhance the human-machine interaction voice technology and further integrate the content and service resources. A pilot spot will be settled in Silicon Valley this year to expand the global markets.

AISpeech specializes in the application of intelligent onboard equipment, smart household facilities, intelligent wearable devices and robots, and the intelligent rearview mirrors developed by it has occupied 70% of the market shares.

This round of financing support will facilitate AISpeech to further integrate the key resources in daily life services, and forge the intelligent voice service into an all-in-one product, creating a "closed loop" experience and forming the complete eco-chain.

With key technical specialists of Cambridge University background, AISpeech team has cooperated with Shanghai Jiaotong University and established the Joint Development Lab for Intelligent Human-machine Interaction, where experts in voice research and development from world-renowned universities such as Cambridge University, Technion-Israel Institute of Technology, Waseda University and Tsinghua University are recruited.

Originally Published on Suzhou Daily
January 20, 2016