Flexiv, a Chinese AI startup, has raised $100 million in a Series B funding round led by Meituan-Dianping. This brings the company’s total funding to date to $200 million.
Flexiv is a startup that uses AI to automate industrial tasks. The company was founded in 2016 by Jianjun Chen and Da Zhang. It has offices in Beijing, Shanghai, and Shenzhen.
Flexiv’s Series B funding will be used to expand the company’s sales and marketing efforts, as well as to research and develop new products. The company plans to launch a new product line in the second half of 2019.
Meituan-Dianping is a Chinese e-commerce platform that offers food delivery, hotel booking, and other services. The company is an investor in Flexiv.
Other investors in Flexiv include GGV Capital, Sequoia Capital China, and Sinovation Ventures.