Chinese AI chipmaker raises hundred of millions of yuan

Iluvatar CoreX to use funds for R&D

20190919 china ai

 Security officers keep watch in front of an AI (Artificial Intelligence) sign at the annual Huawei Connect event in Shanghai, China September 18, 2019. REUTERS/Aly Song © Reuters

SONG JINGLI, KrASIA

BEIJING -- Nanjing-based artificial intelligence chipmaker Iluvatar CoreX said Thursday that it has closed its Series B funding, having raised hundreds of millions of yuan, said Chinese media outlet PEdaily without disclosing the exact sum.

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