According to the news released by Jingtai Technology and Google, this round of investment was led by Sequoia and * * * raised $20 million. Among them, the total investment of Google, Tencent and Sequoia Capital China reached $654.38 million+$50 million.
Jingtai Technology is a drug research and development company, which uses artificial intelligence (ai), cloud computing and quantum physics technology to improve the drug design process. The company is headquartered in Shenzhen and has branches in Beijing and Boston.
This investment is the first joint investment after Google and Tencent announced a patent cross-licensing agreement.
Google recently increased its investment in China and announced the establishment of an artificial intelligence research center in China.