China's Infinigence AI bags $70m in Series A funding

China's Infinigence AI bags $70m in Series A funding

An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File photo

Artificial intelligence (AI) infrastructure developer Infinigence AI has raised almost 500 million yuan ($70.2 million) in a Series A round of financing to bring its total fundraising to nearly 1 billion yuan ($140.5 million) just 16 months after its inception.

Edited by: Padma Priya