DealStreetAsia

4 days ago | dealstreetasia.com | Stephanie Li

Whobot Beijing 1.5* A GSR Ventures Business Support Services AI and Machine Learning Huameita Beijing 14 Pre-A Xing Xiang Capital Cash Capital, Xiangjiang Group Dakecheng Fund, Leyi Capital Semiconductor N/A Motovis Shanghai 15.3 Zhejiang Meida Industrial Automobiles & Parts Autonomous Driving Oritime Wuxi 0.1* Seed Business Support Services AI and Machine Learning HPRAY Changzhou B+ Hefei Industry Investment Holding, Guoke BOE Equity Investment, Chaoyue Moer Semiconductor N/A Inks...

4 days ago | dealstreetasia.com | Michael Martina

AI firm DeepSeek is aiding China’s military and intelligence operations, a senior U.S. official told Reuters, adding that the Chinese tech startup sought to use Southeast Asian shell companies to access high-end semiconductors that cannot be shipped to China under U.S. rules. The U.S. conclusions reflect a growing conviction in Washington that the capabilities behind the rapid rise of one of China’s flagship AI enterprises may have been exaggerated and relied heavily on U.S. technology.

4 days ago | dealstreetasia.com | Stephanie Li

Chinese embodied AI startup Galbot has secured 1.1 billion yuan ($153 million) in a fresh funding round co-led by Chinese battery giant CATL and its strategic investment arm Puquan Capital.

4 days ago | dealstreetasia.com | Eudora Wang

A group of Chinese investment firms has backed US-based general-purpose adaptive robot developer Flexiv Robotics in its latest financing. Separately, Saudi Arabia’s national air cargo carrier Saudia Cargo has set up a joint venture (JV) in Hong Kong with its long-term partner TAM Group. General-purpose adaptive robot developer Flexiv Robotics announced on Monday the completion of a “nine-figure US dollar” Series C funding round to invest in production expansion, R&D, and ecosystem expansion.

5 days ago | dealstreetasia.com | Stephanie Li

Shanghai-based medical AI solutions provider United Imaging Intelligence (UII) has secured 1 billion yuan ($139.1 million) in a Series A funding round at a pre-money valuation of 9 billion yuan ($1.3 billion). The round was co-led by the private equity arm of China’s largest mutual fund manager, E Fund Management, and Shanghai Sitoco Assets Management, a subsidiary of state-owned Shanghai International Group (SIG), according to a company release on June 20.