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Chinese AI speech recognition chip startup secures new war chest

ChipIntelli aims to meet expanding demand amid rapid growth of smart homes

ChipIntelli provides AI-based speech recognition chips to major consumer electronics manufacturers. (Photo Courtesy of ChipIntelli)

BEIJING -- ChipIntelli, a maker of AI-based speech recognition chips, recently raised several tens of millions of yuan ($3 million to $5 million) in a new funding round led by Haolan Capital.

ChipIntelli, founded in 2015, received an investment of about the same amount from Yuanhe Puhua in March last year.

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