Baidu Ventures Reaches USD400m Final Close for Third USD Fund

Source(s): AVCJ

Baidu Ventures reached a USD400m final close for its third USD-denominated fund. The firm targets investments in AI-driven startups developing deep technology related to algorithms, sensors and data storage systems primarily in China and the US. Focus areas include new energy vehicles, life sciences, corporate services, smart cities, semiconductors, smart manufacturing and IoT. Read more