Deals
Google-Backed AI Startup Seeks $1 Billion Valuation Before Its IPO
- Mobvoi is said to seek $100 million in funding round
- The startup is said to target an IPO on China’s new tech board
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Google-backed Mobvoi is close to securing funding that will value the artificial intelligence startup at more than $1 billion before an initial public offering in China, people familiar with the matter said.
The smartwatch and AI software developer is seeking to raise $100 million and plans to list on a proposed board for technology companies on the Shanghai bourse, the people said, requesting not to be named because the matter is private.