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Chinese VC Funding Weekly Overview (4.26-4.30)
Sobot bags $31 million in its Series C+ round
Chinese cloud-based intelligent customer service startup Sobot Technologies has completed a Series C+ round of financing at 200 million yuan ($30.8 million), led by GL Ventures. Chinese VC Yunqi Partners also participated in this round. The firm leverages AI and big data to help clients integrate and manage their call centres, chatbots, manual customer services, and work order systems. Sobot will use the new proceeds to expand investments in the R&D of AI, provide solutions catering to the improvement of marketing and social-networking operation capabilities and to further develop the BPO (business process outsourcing services).