logo
logo
AI + EXCLUSIVE DATA

AI analyzes funding data you can't access anywhere else

Our proprietary AI monitors 15,000+ companies and identifies which funded companies need YOUR specific solution right now.

10-25 personalized leads daily • 92% average intent score • Smart feed technology
Start with:
Flexible Plans • $39/mo or $29/mo annual
AI + real-time funding intelligence
Never see duplicates in your feed
INDUSTRY FIRST

Chinese Traffic Ai Startup Supremind Scores Usd59.2 Million In Series C

Aug 09, 2022almost 3 years ago

Amount Raised

$59.2 Million

Round Type

series c

ChinaSmart CitiesArtificial Intelligence

Description

Supremind, a Chinese firm whose traffic monitoring platform is applied in more than 200 Chinese urban districts and counties, has closed its CNY400 million (USD59.2 million) Series C round of funding to increase the use of its products in smart cities.

Company Information

Company

Supremind

Location

China

About

The fourth funding round was led by Zhangjiang Group, a state-owned industrial park developer, Shenzhen-based private equity fund LTW Capital and a media industry fund under China Media Group, the Shanghai-headquartered artificial intelligence startup said in a statement on its WeChat account today. The market expanded to about CNY165.8 billion (USD24.6 billion) in 2020 from CNY42 billion (USD6.2 billion) in 2011, with an average annualized growth rate of nearly 20 percent, the firm said, citing data from the China Intelligent Transportation Systems Association. In March 2021, the company garnered CNY200 million by completing its third financing round, led by Shanghai-based private equity firm Guochuang Zhongding. Established in 2019, Supremind has developed VisionMind, a smart video analysis platform that can detect traffic congestion, accidents, and violations to help cities improve their traffic management.

FundzWatch™ Score

84
Medium Activity

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech