Laiye, a Beijing-based leading global intelligent automation company, continues to attract investors as it seeks to accelerate international expansion and grow its team, completed a $160 million Series C funding round with the latest tranche at $70 million.
Laiye’s Series C financing came in three tranches, the last one led by influential Chinese private equity firm Hopu Magnolia. Other investors include VMS Group from Hong Kong, Chinese private equity firm Youshan Capital, as well as existing investors Lightspeed China and U.S.-based Lightspeed Venture Partners.
This latest round of financing will accelerate Laiye's business growth and enable it to serve more large enterprises, government organizations, and SMEs across the world.
Company: Beijing Laiye Technology Co., Ltd.
Raised: $70.0M
Round: Series C
Funding Month: April 2022
Lead Investors: Hopu Magnolia
Additional Investors: MS Group, Youshan Capital, and Lightspeed Venture Partners
Company Website: https://laiye.com/
Software Category: Robotic Process Automation (RPA) and Artificial Intelligence (AI)
About the Company: Founded in 2015 by Ivy League Ph.D. graduates, is committed to being the world's smart robot platform leader in the era of human-robot collaboration. Laiye is a leading Robotic Process Automation (RPA) and Artificial Intelligence (AI) provider with a global presence across Europe, the Middle East and Africa (EMEA), Latin America, and the Asia Pacific. Laiye’s integrated suite of AI-powered RPA, intelligent document processing (IDP) platform, and Chatbot solutions help organizations in the insurance, communications, electric power, finance, retail, and healthcare industries operate at new levels of productivity and efficiency to drive new levels of success.
Source: https://laiye.com/en/news/tech-firm-laiye-closes-series-c-at-$160-million-to-accelerate-global-rollout-of-intelligent-automation.html