Flexiv, a Chinese AI startup, has raised $100 million in a Series C funding round led by Meituan-Dianping and Liaotech. The new funding will be used to develop Flexiv’s artificial intelligence platform and expand its sales and marketing efforts.
Flexiv Chinese AI 100m Series meituanLiaotechCrunch
The meituanLiaotechCrunch is a 100m series of Chinese AI that was held in Liaocheng, China on September 15-16, 2018. The event was organized by Flexiv, a Chinese AI company, and was sponsored by Meituan, a Chinese e-commerce and logistics company.
The event consisted of four 100m races, each of which was won by a different Chinese AI company. The first race was won by Meituan, followed by Alibaba, Baidu, and Tencent.
The event was held in Liaocheng because the city is home to many of China’s leading AI companies, including Meituan, Alibaba, Baidu, and Tencent.
The event was a success, with over 100 AI companies represented and more than 1,000 people in attendance.
What is Flexiv?
Flexiv is a Chinese artificial intelligence (AI) startup that raised US$100 million in a Series B funding round led by Meituan-Dianping, a food delivery and local services platform in China, and Hillhouse Capital.
Flexiv is a full-stack AI company that provides software and hardware solutions for data collection, processing, and training, as well as application development. The company’s products are used in a variety of industries, including retail, logistics, manufacturing, and healthcare.
Flexiv’s products include an AI data processing platform, an AI training platform, and an AI application development platform. The company’s products are used by over 1,000 enterprise customers, including Alibaba, Baidu, and JD.com.
Flexiv was founded in 2016 by Tianfu Wu, who is also the company’s CEO. Wu is a former engineer at Baidu and Alibaba. He holds a PhD in computer science from Tsinghua University.
What is the Chinese AI 100m Series?
The Chinese AI 100m Series is a national initiative launched by the Chinese government in 2017 to promote the development of artificial intelligence (AI) in the country. The series comprises 100 AI-related projects with a total investment of 100 million yuan (US$15.3 million).
The projects cover a wide range of areas including smart city, intelligent manufacturing, medical care, and agricultural production. They are aimed at promoting the application of AI technology in various fields and accelerating the development of the AI industry in China.
The initiative is part of the Chinese government’s wider plan to develop the country into a world leader in AI technology by 2030. It is also in line with the government’s goal of fostering a “new generation of information technology” that will drive economic growth and create new jobs.
The Chinese AI 100m Series is a valuable initiative that will help to boost the development of AI in the country. It is also a clear indication of the Chinese government’s commitment to promoting the use of AI technology.
What is meituan?
Flexiv, a Chinese startup that provides an AI-powered visual inspection solution for factories, has raised $100 million in a Series B funding round led by Meituan.
Flexiv says its solution can help factories improve quality control and reduce production costs. The startup’s visual inspection solution is said to be able to identify defects with “high accuracy” and provide real-time feedback to factories.
Flexiv was founded in 2016 by a team of AI and robotics experts from Tsinghua University, Zhejiang University, and the Chinese Academy of Sciences. The startup’s CEO, Wei Chen, is a former engineer at Baidu and DJI.
The new funding will be used to further develop Flexiv’s visual inspection solution and expand its sales and marketing efforts. Flexiv says it will also use the new funding to “explore new applications” for its technology.
Meituan is a Chinese online food delivery and group-buying platform. The company is one of the largest internet companies in China and has a market capitalization of over $100 billion.
Flexiv’s visual inspection solution is said to be able to identify defects with “high accuracy” and provide real-time feedback to factories.
The new funding will be used to further develop Flexiv’s visual inspection solution and expand its sales and marketing efforts. Flexiv says it will also use the new funding to “explore new applications” for its technology.
What is Liaotech?
Liaotech is a Chinese company that specializes in artificial intelligence (AI) and machine learning. Founded in 2014, Liaotech is one of the leading AI companies in China. The company’s mission is to make machines smarter and more efficient through AI.
Liaotech’s products include a range of AI-powered software and hardware products, including a machine learning platform, a facial recognition system, and a robotics control system. The company has also developed a number of AI applications for industries such as healthcare, finance, manufacturing, and retail.
In addition to its products, Liaotech also provides AI services to businesses and organizations. The company has a team of AI experts who can help businesses to develop and implement AI strategies. Liaotech also offers training and consulting services on AI and machine learning.
What is Crunch?
Crunch is a powerful and easy-to-use data analysis tool that makes it easy to get the insights you need from your data. With Crunch, you can easily connect to your data sources, explore and visualize your data, and create and share reports and dashboards.
Crunch is the perfect tool for data analysis and reporting, whether you’re a business analyst, data scientist, or just someone who wants to get more out of their data.
How do flexiv chinese ai 100m series meituanliaotechcrunch work together?
Flexiv, a Chinese company that specializes in artificial intelligence (AI), has announced a new 100 million yuan (approximately $15 million) investment series in Meituan-Liaotech, a Beijing-based startup that operates an online food delivery and takeout platform.
The two companies have been working together since 2016, when Flexiv helped Meituan-Liaotech develop an AI-powered chatbot for its customer service operations. The chatbot, which is still in use today, has helped the company save significant amounts of money on customer service costs.
Now, with this new investment, the two companies will work even more closely together to develop and deploy AI-powered solutions across Meituan-Liaotech’s operations. This will include solutions for automating customer service, improving delivery efficiency, and reducing food waste.
The investment is part of Flexiv’s larger strategy to invest in and partner with companies that are using AI to solve real-world problems. The company has already made similar investments in a number of other startups, including an agricultural technology company and a medical diagnosis startup.
With this new investment, Flexiv and Meituan-Liaotech will continue to push the boundaries of what’s possible with AI and food delivery. We’re excited to see what they come up with next.
What are the benefits of this partnership?
Flexiv, a Chinese artificial intelligence (AI) startup, has raised $100 million in Series B funding from Meituan-Dianping, a leading platform for services in China. The two companies have also entered into a strategic partnership to jointly develop and commercialize Flexiv’s industrial robotic technologies for Meituan’s logistics network.
The partnership between Flexiv and Meituan will enable the two companies to jointly develop and commercialize Flexiv’s industrial robotic technologies for Meituan’s logistics network. This will include integrating Flexiv’s robotic arm technology into Meituan’s warehouses and last-mile delivery stations.
The partnership will also see the two companies collaborate on research and development in the area of robotic vision and control. This will involve developing new algorithms and systems that enable robots to effectively navigate and manipulate objects in unstructured environments.
The benefits of this partnership are two-fold. Firstly, it will allow Flexiv to scale its industrial robotic technologies to meet the demands of Meituan’s logistics network. Secondly, the partnership will enable the two companies to collaborate on research and development in the area of robotic vision and control. This will lead to the development of new algorithms and systems that enable robots to effectively navigate and manipulate objects in unstructured environments.
