Art e-commerce platform Yishuvip receives USD 1.4 million for angel round
Founder: Zhang Xu
Founded in: 2017
Financing status: Angel round of RMB 10 million (USD 1.4 million) in 2017
Art e-commerce platform Yishuvip on Monday received USD 1.4 million for its angel financing round to introduce big data technology to rank works of art.
Yishuvip is an art e-commerce platform that introduces big data technology and algorithms to rank works of art, which can be a standard that customers can refer to measure the real value of artworks, and then make purchasing decisions before buying the artworks on its platform.
It uses big data technology and algorithms to create a list ranking the artworks based on the multidimensional data collection of artists including their graduate schools, professional background, price of their artworks, and the degree of their popularity. In addition, the region and time the artworks were completed, and some other criteria can influence the rankings of artworks.
Founded in 2017, the company will launch its services in the beginning of June with a ranking list of more than 200 works of art. As an e-commerce platform, it will also provide users with pre sales services, logistics, packaging and after sales services.
This angel financing round was led by Infore Capital, and it plans to use this fund to reach partnerships with more artists to help them sell their artworks on its platform and join its ranking list.
AI services and hardware company Yitu receives USD 55 million for Series C
Founder: Zhu Long
Founded in: 2013
Financing status: RMB 380 million (USD 55 million) Series C financing in 2017
AI services and hardware company Yitu on Monday received USD 55 million in Series C financing round to integrate its AI technology with clinical imaging diagnosis.
Yitu is an artificial intelligence (AI) services and hardware company that integrates AI technology business applications with various industries to build a safer, faster and healthier world. Founded in 2013 in Shanghai, the company has so far integrated its AI technology with security systems, city data, and healthcare by providing relevant products and services to meet customers’ demands.
The services and products based on AI include intelligent security systems combined with quick and precise face recognition solutions for check in. Other products that Yitu offers include city data hub for urban transport management, smart healthcare with better diagnosis and patient experience, and some intelligent hardware products that enable machines to listen, look and understand.
This Series C financing round was led by Hillhouse Capital Group, with participation from a group of investors including Yunfeng Capital, Sequoia Capital, Banyan Capital and Zhenfund. The company plans to use this fund to integrate its AI technology with clinical imaging diagnosis to enhance its smart healthcare services.
(Top photo from 58pic.com)