Chatbot maker Yunwen Robot has closed two rounds of investments, bagging about RMB 100 million (USD 14 million) in total from Nanjing Dynamic Balance Investment Management Co. Ltd and Dongnan Fund, according to the company’s official WeChat account.
The company, which was founded in 2009 in Nanjing, capital of East China’s Jiangsu province, will use the new funds to improve its AI-empowered virtual conversational-agent solutions, to keep sharpening its technological edge, and to enhance profitability.
Yunwen has served nearly 100,000 corporate clients including social e-commerce company Pinduoduo, books-focused e-commerce platform Dangdang, and online home rental platform ZiRoom, according to its website.
Yunwen is competing in a market now worth RMB 15 billion (USD 2.1 billion) in China. Its rival, Beijing-based Xiaoneng closed a RMB 125 million (USD 17.6 million) Series C round recently, KrASIA reported in early April.
This article is part of KrASIA’s “China Brief” section, where KrASIA’s reporters will provide quick daily updates about the tech ecosystem in China.