Top 10 AI innovation startups in China

Artificial intelligence startups are mushrooming across China with most of them concentrated on robots, machine vision, intelligent finance and natural language processing, a report reveals.

The report, released by Cyzone Research Center, ranked the top 50 AI innovation startups in China this year, after surveying 290 domestic AI companies.

At the upcoming World Robot Conference in Beijing, some of the top 50 AI startups, such as Slamtec, Roobo and Ubtech, are going to show their latest products and solutions.

Let's take a look at China's top 10 AI innovation startups this year.

No 10 YITU Technology

YITU Technology, founded in 2012, is conducting research into machine vision, natural language understanding, knowledge reasoning and robotics.

It received a C round funding of 380 million yuan from Hillhouse Capital, Banyan Capital, Yunfeng Capital, Sequoia Capital, and ZhenFund this May.

The company won four tests at the Face Recognition Vendor Test organized by the US National Institute of Standards and Technology in June.

YITU Technology Founder and CEO Zhu Long gives speech at the 10th Annual Summit of China Green Companies in Zhengzhou, Henan province, April 23, 2017. [Photo/VCG]