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China startup's AI-based monitoring system helps build smart cities

Shanghai-based Supremind raises almost $14.6m in pre-Series A round, eyes growth

Supermind Intelligent Technology deploys video analytics systems on highways to improve traffic department management efficiency. (Photo courtesy of Supremind Intelligent Technology)

BEIJING -- Supremind Intelligent Technology, a Chinese artificial intelligence-based video analysis startup, has raised nearly 100 million yuan ($14.6 million) in a pre-series A round, 36Kr has learned.

The lead investor is Creo Capital, a financial unit of Hong Kong-based conglomerate New World Development. Angel round investors, including Linear Venture and Redpoint Ventures China, also increased their stakes in the Shanghai-based startup.

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