Lightspeed leads Laiye’s $42M round to bet on Chinese enterprise IT – TechCrunch
The new financing round, Series C, was co-led by Lightspeed Venture Partners and Lightspeed China Partners.
Cathay Innovation, which led the startup’s Series B+ round and Wu Capital, which led the Series B round, also participated in the new round.
Robotic process automation (RPA) allows software to mimic several human behaviors such as keyboard strokes and mouse clicks.
“We believe robotic process automation will achieve its full potential when it combines AI and the best human talent,” he said.
Laiye’s announcement today comes as the market for robotic automation process is still in nascent stage in China.
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