Gaorong Capital, CMB International Co-Lead $26M Series A In Chinese AI Start-Up Tianrang

Chinese venture capital firm Gaorong Capital has joined CMB International to co-lead a RMB180 million (US$26 million) in Chinese artificial intelligence start-up Tianrang. Other investors Ziniu Fund and Chinese fintech company Wacai also participated in the round, according to Tianrang's announcement. Based on deep learning and other AI technology, Tianrang provides data analysis and smart solutions for enterprises. In one user case, Tianrang's technology can automatically collect and analyze marketing trends and purchase related information on Alibaba's e-commerce platform 24/7 to help vendors make smarter marketing decisions. "With algorithm and AI, Tianrang lowers the requirement of complex machine decision-making and makes it accessible and scalable for commercial use," said Wang Hongbo, chief investment officer at CMB International Capital.