Investcorp invests in Chinese leading AI
Monday, 09 21 2020, Category: Technology, Country: China
Investcorp, a leading global provider and manager of alternative investment products, announced today its investment in Terminus Technologies, a leading global Artificial Intelligence (AI) CITY and smart service provider in China. Investcorp has been investing in tech-enabled businesses for 20 years and focuses on identifying companies that it considers to have established business models and are supported by long-term secular growth trends such as AI.
Investcorp believes that its strategic investment in Terminus Technologies will not only contribute to the company’s growth, but it also reflects its confidence in the overall AI CITY layout and business model promoted by Terminus Technologies.
Ever since its establishment in 2015, Terminus Technologies has grown into a leading enterprise in the field of Artificial Intelligence and Internet of Things (AIoT) in China, specializing in providing diversified smart services based on AIoT technology. In April this year, Terminus Technologies’ first AI CITY project was announced to commence construction in Chongqing. In July, the company was announced as the Premier Partner for Expo 2020 Dubai. Currently, Terminus Technologies is promoting the construction of a global network of the AI CITY worldwide, in which many global cities have agreed to participate in, including Dubai and Shenyang.