AI Unicorn has won $200 million C+ round of financing, and is optimistic about the medical layout!
The rapid development of artificial intelligence, correspondingly, investment in the field of artificial intelligence has also been optimistic. In October last year, Defiance Technology announced the completion of the 460 million US dollars C round of financing, not long ago, Shang Tang announced the completion of C + round financing of 620 million US dollars The AI ​​Unicorn is increasingly competitive.
Recently, the artificial intelligence unicorn company Etuart officially announced the completion of the $200 million C+ round of financing, the investors are Gaocheng Capital, ICBC International, and Puyin International. This is the second financing that Etu Technology obtained in just one month.
As one of the four AI unicorns, Vision's computer vision technology is currently used in three major areas of security, finance and medical .
According to the picture: "Thanks to the new partners for their rich industry experience and first-class business insights, and thanks to ICBC and Shanghai Pudong Development Bank for their high recognition of the value of the technology and products of the company and the confidence of the wider industrial application of artificial intelligence. ."
Founded in 2012, Etu Technology is committed to combining artificial intelligence technology with industry applications to enable deep learning technology to drive industry growth.
In August 2013, the company completed the multi-million-dollar angel round led by the Zhenge Fund. In January 2015, it completed the multi-million dollar A round jointly invested by Sequoia Capital and Gaochun Capital. In June 2016, it completed the Yunfeng Fund. The tens of millions of dollars invested in the B round, completed in May 2017 by Gaochun Capital, Yunfeng Fund, Sequoia Capital, Gaochun Capital, Zhenge Fund and the investment of 380 million yuan C round of financing. According to media reports, after the C round of financing, the value of Etu Technology reached 15 billion yuan.
According to the financing history of the technology (Source: Tianyancha)
Etu Technology currently serves a wide range of fields including security, finance, transportation, and medical care, as well as basic research in the field of artificial intelligence. Just after the C round of financing, in accordance with plans Technology also said it would raise funds for the medical industry's core technology research and development, to expand the clinical application of medical industry, as well as the construction of artificial intelligence techniques in artificial intelligence medical team.
Founded in 2012, Etu Technology started with To B business and is mainly engaged in innovative research on artificial intelligence. It is committed to combining advanced artificial intelligence technology with industrial applications.
At present, the number of companies in the field of computer vision and image in the domestic artificial intelligence industry has reached 111, and the head companies have tried commercial operations. For example, the main direction of Shangtang Technology is finance, safe city, robot, driverless, etc. The technology has also served in many industries such as security, finance, transportation, and medical.
In the field of security, there are data showing that the large platform of the Yitu portrait has served the public security system of nearly 30 provinces and more than 150 cities in the country. It is also the only company in the country with a ratio of one billion portraits. According to the cooperation with Alibaba Cloud, Guizhou Public Security Traffic Police Big Data Real-Time Combat Cloud Platform, its research and development of the "Blink" portrait platform has also served hundreds of local public security systems nationwide.
In the financial sector, according to the map, China Merchants Bank, Agricultural Bank and other nearly 100 banks, Internet financial enterprise customers provide omni-channel solutions, in 2016 launched the world's first face-faced ATM machine; "Figures face recognition technology" has also been connected China Merchants Bank has more than 1,500 outlets nationwide; with the support of Etu Technology, Shanghai Pudong Development Bank has launched the “Portrait Recognition Platform and Direct Banking Remote Account Opening Video Certification Construction Project†to realize face authentication of VTM and mobile banking.
Power smart medical
In the medical field, although before the entry into the medical industry, Yitu has made great achievements in many fields, but smart medical care is still the focus of attention according to the map. Since 2016, Etu Technology has begun to explore and practice in the fields of medical health and urban data brains, and strive to build the world's largest portrait system, covering more than 1.8 billion people, providing a portrait comparison system for the General Administration of Customs and China's border inspection.
It is reported that the technology of the map has been applied in the fields of lung cancer screening, children's bone age interpretation, breast disease diagnosis, stroke diagnosis, etc. The products provide clinical diagnosis and diagnosis and intelligent management for radiology, ultrasound, pediatric and other departments; The medical lung cancer image intelligent assistant diagnosis system has been deployed in nearly one hundred top three hospitals and entered the clinical workflow for practical use.
The Etu Medical team has launched the first artificial artificial intelligence imaging diagnostic product in China, and it is also the only artificial intelligence company in China that realizes full coverage of medical data.
Ni Hao, president of Yitu Medical, said that the demand in the medical field is high, and the clinical value is the main criterion for judging. Therefore, tumors, cardiovascular and cerebrovascular diseases and pediatrics have been selected according to the figure, which is currently the three areas with the strongest demand for artificial intelligence.
Previously, there were public reports that the actual clinical sensitivity of the artificial intelligence technology in the actual medical application has reached more than 95% for more than half a year. Among them, small nodules below 10mm and tiny nodules below 5mm accounted for the detection knot. More than 40% of the festival. This means that the ability of artificial intelligence technology to diagnose small pulmonary nodules has almost exceeded the diagnostic level of the general practitioner.
At the same time, the Etu Medical team focused on the integration of medicine and the introduction of cross-border talents. The team of less than 100 people and more than half of the technical staff. In addition, the current image intelligent assistant platform cooperates with many top three hospitals in Shanghai and Zhejiang Province, but in the future, the city will also radiate rural areas to promote the fairness of medical resources.
According to previous media reports, in December 2017, Yitu Technology and IDG jointly invested in AI pharmaceutical company AccutarBio, which contributed to one of the largest financings in China's AI pharmaceutical industry to date. Subsequently, Yitu Technology jointly invested in AI chip company ThinkForce with Sequoia Capital and Yunfeng Fund. According to media reports, its subsidiary, Etu Medical, has also completed separate financing last year. It is not difficult to find that artificial intelligence + medical is the main direction of the technology.
According to the business model of Etu Medical, there is also its own plan. “Software fee collection†is the main mode in the industry, but Etu Medical has invested potential payers of smart medical care in insurance companies, medical examination centers, pharmaceutical companies, etc. There is no mature market environment to land.
Heat is still in the sea
Although the annual AI winter is very rampant, it does not affect the investor's investment enthusiasm. Currently, the computer vision track is still one of the most absorbing tracks in the field of artificial intelligence.
Not long ago, the artificial intelligence enterprise Shangtang Technology completed the C+ round of 620 million US dollars financing, with a valuation of over 4.5 billion US dollars, and continued to maintain the world's largest total financing amount and the highest valuation of artificial intelligence unicorn status; In a short period of time, two rounds of investment were successively received; in the field of AI chips, which mainly deal with image data, Horizon completed nearly $100 million in Series A financing in October last year, and Cambrian is expected to complete a new round of financing with a valuation of US$2 billion this month. The new round of financing valuation of Jian Technology is likely to be around $1 billion.
Zhu Xi, the founder of Yitu Technology, also mentioned in his public speech: "Artificial intelligence is applied to the vertical field. It is very necessary to understand the combination of technology and scene. It is very important to be a master. As a translator or communicator, this role is very important. ."
In addition, according to the map is accelerating its international layout. In January of this year, Etu Technology established its first overseas office in Singapore, which is also its first international office overseas.
Etu is committed to using the new office as a regional hub for its customers and partners in Southeast Asia, providing artificial intelligence technologies and solutions to customers in Southeast Asia, Hong Kong and Macau, and working with partners in the region to establish labor in Southeast Asia. Intelligent ecosystem.
Although the companies that go out to sea, they can't avoid the doubt that domestic growth encounters the ceiling. However, in the fierce competition of domestic machine vision, going to sea is a safer choice. After all, the domestic market of 500 billion yuan, there are already traditional players such as Haikang and Dahua, and companies that have entered from artificial intelligence technology, such as Tutu, Shangtang, Defiance, Yun Cong, Horizon, and Shen Jian, may seize new opportunities. In the global business arena, occupy a place.
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