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| VIEW EVENT INFORMATION: Techcrunch |
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Rokid, The Assistant That Can See |
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About the organization Techcrunch:
Type: Business
Sub-Types: Website, Press, Online News, Online Press |
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| Meet Melody. Despite looking like a giant egg with a TV for a heart, she actually may be the first thing to put a smile on your face this morning. She can recognize you, listen to you, and even sing for you — all the while being a hub for home IoT.
The whole package may seem a bit corny, albeit in a cute candy corn kinda way, but for investors in Rokid, Melody’s maker, the device is anything but a joke. Advantech, a Chinese investment firm, just led a $50 million dollar round in Rokid at a $450 million valuation alongside existing investors, IDG Capital Partners and Walden International.
Tami Zhu, General Manager of Rokid, explained in a conversation that much of the company’s seemingly high value rests in its large intellectual property portfolio. Rokid’s 90 person team consists of 15 PhDs and 21 masters holders working on problems like natural language processing and computer vision. Comparatively in the States we have PhD-heavy companies like Semantic Machines that have raised relatively modest sums of money to tackle difficult AI problems, but we also have Magic Leap’s $542 million Series B — so it’s probably premature to make any concrete judgements. |
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