Zhuiyi Tech raises $41m for chatbots

Shenzhen-based artificial intelligence-enabled start-up Zhuiyi Technology has raised $41 million in a Series C round led by China Merchants Group, according to DealStreetAsia.

Zhuiyi Technology develops AI-based chatbots for online customer service. Known as YiBot, the software uses deep learning and natural language processing based on large amounts of data in order to provide personalized service to customers online.

The funds raised will be used to expand the company’s overseas operations.