Thursday, 3 April 2025
30 C
Singapore
34.3 C
Thailand
28.3 C
Indonesia
28.3 C
Philippines

AISpeech, Alibaba-backed voice interaction company bags US$58M in a Series E round

AISpeech, a voice interaction solution provider, recently closed US$58 million (RMB 410 million) led by CTC Capital, a report by 36Kr revealed on Tuesday. Other participants in the round include Goldstone Investment (the PE fund management subsidiary of Citic Securities) and the investment arm of Chinese automaker BAIC, BAIC capital. AISpeech that counts MediaTek, Foxconn […]

AISpeech, a voice interaction solution provider, recently closed US$58 million (RMB 410 million) led by CTC Capital, a report by 36Kr revealed on Tuesday. Other participants in the round include Goldstone Investment (the PE fund management subsidiary of Citic Securities) and the investment arm of Chinese automaker BAIC, BAIC capital.

AISpeech that counts MediaTek, Foxconn and Alibaba among its major investors has a set timetable for its initial public offering but did not reveal further details.

Gao Shixing, a University of Cambridge graduate, co-founded the platform (AISpeech) in the United Kingdom in 2007 but later moved in 2018 to Suzhou, Jiangsu. AISpeech features a human-machine interaction known as DUI (Dialogue User Interface) plus a chip called TH1520 that it co-launched with the largest semiconductor foundry in China, Semiconductor Manufacturing International Corporation.

AISpeech has provided AI technologies to many clients, approximately 8,000, including Alibaba, Logistics Company SF, and Xiaomi, a smartphone maker.

The acquired funds will be used to expand in smart wearables, finance, government-facing services, and automotive.

Hot this week

Garmin launches premium Connect+ plan to boost health and fitness tracking

Garmin introduces Connect+ with AI insights, advanced training tools, and social features to help users reach their health and fitness goals.

NUS partners with Microsoft Research Asia to advance AI research and nurture future tech talent

NUS and Microsoft Research Asia partner to boost AI research and develop future computing talent through a joint PhD and industry collaboration.

LinkedIn: How AI is reshaping hiring and workforce strategies in 2025

Discover how AI is transforming hiring and workforce strategies in 2025, from skills-based recruitment to internal mobility and continuous learning.

Vivo challenges iPhone 16 Pro Max with X200 Ultraโ€™s video stability

Vivoโ€™s X200 Ultra teaser compares video stability with the iPhone 16 Pro Max, promising top-tier camera upgrades and advanced stabilisation.

Intelโ€™s future in the GPU market looks uncertain

Intel may not release a high-end Battlemage GPU, and Arc Celestialโ€™s future is unclear, leaving gamers with limited options in a challenging market.

Qualcomm expands AI research with MovianAI acquisition

Qualcomm has acquired Vietnamese AI research firm MovianAI to boost its AI development in smartphones, PCs, and software-defined vehicles.

Roblox introduces new parental controls to enhance child safety

Roblox introduces new parental controls, allowing parents to block games, restrict friends, and monitor their childโ€™s activity for better safety.

Anthropic introduces Claude for Education, a new AI chatbot plan for universities

Anthropic launches Claude for Education, an AI chatbot plan for universities that offers advanced learning tools and administration support.

NVIDIA Blackwell platform sets new performance benchmark in MLPerf Inference v5.0

NVIDIAโ€™s GB200 NVL72 sets a new benchmark in MLPerf Inference v5.0 with 30x token throughput, leading AI factory performance.

Related Articles