Chinese AI-of-Things Firm Bags $421 Million in Private Funding

(DealStreatAsia) — Beijing ESWIN Computer Technology Co. Ltd., a Chinese provider of artificial intelligence of things (AIoT) chips and services, has secured 3 billion yuan ($421 million) in a Series D financing round.

The round was co-led by two state-owned investment platforms including Beijing Financial Street Capital Operation Group Co. Ltd., and Guoxin Venture Capital, according to a release published by Lighthouse Capital, which served as the sole financial advisor of the deal.