Gaorong Capital, CMB International Co-Lead $26M Series A In Chinese AI Start-Up Tianrang

Chinese venture capital firm Gaorong Capital has joined CMB International to co-lead a RMB180 million (US$26 million) in Chinese artificial intelligence start-up Tianrang. Other investors Ziniu Fund and Chinese fintech company Wacai also participated in the round, according to Tianrang’s announcement. Tianrang was founded in 2016 by Xu Guirong, former director of Alibaba’s Ali Cloud and chief scientist at Alibaba’s cloud platform Alimama. Based on deep learning and other AI technology, Tianrang provides data analysis and smart solutions for enterprises. …

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