MemTensor lands early-stage round led by Oriental Fortune Capital
What's the deal? Chinese AI startup MemTensor has closed a Pre-A+ round, the company said on September 4. Oriental Fortune CapitalDealroom has a profile for this one. Try Dealroom → led the round, with SIG FuTeng CapitalDealroom has a profile for this one. Try Dealroom → adding to its investment, and Yaohong Venture CapitalDealroom has a profile for this one. Try Dealroom → and Wuxi Xinshang CapitalDealroom has a profile for this one. Try Dealroom → joining as follow-on investors.
Who's backing it? The round drew a notable syndicate of established Chinese investors. SIG FuTeng Capital increased its stake, signalling continued confidence from an existing backer.
The signal: Backing from investors like Oriental Fortune Capital and SIG FuTeng Capital points to sustained appetite for early-stage AI ventures in China, where established funds continue to double down on the sector.
Image credit: jurvetson
