Chinese automation startup Laiye bags $160m Series C to power global expansion

Chinese automation startup Laiye bags $160m Series C to power global expansion

(From left to right) Laiye Technology's founding team: CTO Hu Yichuan; president & co-CEO Li Wei; chairman & CEO Arvid Wang Guanchun; and chief product officer (CPO) Chu Rui

Laiye, a Chinese developer of intelligent automation solutions, announced on Tuesday the completion of a $160-million Series C funding round as the startup targets to accelerate its expansion across overseas markets.