{"id":1028,"date":"2019-11-13T21:36:52","date_gmt":"2019-11-13T21:36:52","guid":{"rendered":"https:\/\/wiharper.com\/?p=1028"},"modified":"2019-11-13T21:36:52","modified_gmt":"2019-11-13T21:36:52","slug":"wi-harper-backed-craiditx-completed-a-new-financing-round","status":"publish","type":"post","link":"https:\/\/wiharper.com\/wi-harper-backed-craiditx-completed-a-new-financing-round\/","title":{"rendered":"WI Harper-backed CraiditX completed a new financing round"},"content":{"rendered":"\n<p class=\"has-text-color has-small-font-size has-light-gray-color\">WI Harper Group | October 30<sup>th<\/sup>,\n2019<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"background-color:#e5e5e5\" class=\"has-background\">WI\nHarper-backed CraiditX received funding from the Fintech Fund under Shanghai\nPudong Development Bank, another significant milestone for the company after\nobtaining financing from GP Capital Phase II and Mobai Capital earlier this\nyear. <\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/wiharper.com\/wp-content\/uploads\/2019\/11\/image-1.png\" alt=\"\" class=\"wp-image-1030\"\/><\/figure><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>CraiditX is an\nartificial intelligence (AI) company that applies machine learning technology\nof search engines to the financial industry. Established in December 2015, the\ncompany is one of the first to apply AI technology to the financial field by\nutilizing many of its patented technologies, such as behavioral language\nprocessing, natural language processing, graphic neural networks, and integrated\nmodeling. CraiditX provides financial institutions with risk intelligence,\nintelligent marketing, intelligent customer service, transaction monitoring,\nand other AI-driven financial solutions. It has now become an important partner\nto many leading domestic financial institutions seeking to adopt AI, such as the\nIndustrial and Commercial Bank of China, China Construction Bank, Bank of\nCommunications, China Merchants Bank and Shanghai Pudong Development Bank.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>So far this year, CraiditX has received\nwide-spread funding support from banks, funds, and the government.&nbsp; Back in 2017, CraiditX formed a technical\ncollaboration with China Merchants Bank date, which generated excellent results\nthat caught the attention of China Merchants Venture (CM Venture). Later that\nsame year, CM Venture led CraiditX\u2019s Series B financing round, into which WI\nHarper Group invested.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Earlier this year, the Shanghai\nFinancial Development Investment Fund-Phase II invested in CraiditX.&nbsp; This fund is one out of the ten Industrial\nFunds Pilot Project approved by the State Council, targeting the financial\nindustry. Its establishment is a key step taken by the government to promote the\ndevelopment of Shanghai\u2019s International Financial Center. &nbsp;The manager of the Shanghai Financial\nDevelopment Investment Fund, GP Capital, is also invested in Ant Financial and\nSuning Finance.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The investment and industry community is highly focused on the application of AI, and the domestic capital market remains very optimistic about CraiditX for its emphasis on product engineering ability and business competitiveness. In response to this latest round of financing, Mingjie Zhu, the founder and CEO of CraiditX said &#8220;as a technology enterprise driven by AI technology to improve the financial industry, CraiditX is fortunate to be based in the city of Shanghai, the center of China\u2019s international finance, and coincides with Shanghai&#8217;s efforts to become a core region for AI development. First of all, we are thankful to be in the right place (Shanghai) at the right time. Second, we are thankful of our customers and partners. Their recognition of CraiditX&#8217;s capabilities has empowered the company to collaborate and work with mature financial institutions as our customers, which has enabled us to achieve profitability. CraiditX will continue to strengthen in intelligent financial solutions and R&amp;D investment in AI Zhongtai, solving world-class financial problems with world-class AI technology.\u00a0 We strongly believe we can bring even more value to customers and partners.\u201d <\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>\u201cAI is one of the key investment areas\nof WI Harper Group. After the breakthroughs in machine learning algorithm and\nhardware computing capability, AI has begun to penetrate every industry and\nenterprise. Companies that don\u2019t embrace AI in time will not survive the fierce\ncompetition in the future. CraiditX is a leader in AI and fintech, with an\nexcellent team and the best AI risk control products that can help the domestic\nfinancial industry to upgrade rapidly and improve the competitiveness of\nenterprises. WI Harper Group will continue to provide our international\nplatform to accelerate CraiditX\u2019s development in the field of AI and become the\nbest AI company in China and the world.\u201d said Sean Peng, Managing Director of\nWI Harper Group.<\/p>\n\n\n\n<div style=\"height:49px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-small-font-size\">Translated from: <a href=\"https:\/\/mp.weixin.qq.com\/s\/ILQsWTtoJOYb_SSC_GdvQw\">https:\/\/mp.weixin.qq.com\/s\/ILQsWTtoJOYb_SSC_GdvQw<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WI Harper Group | October 30th, 2019 WI Harper-backed C [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"blocksy_meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/posts\/1028"}],"collection":[{"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/comments?post=1028"}],"version-history":[{"count":0,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/posts\/1028\/revisions"}],"wp:attachment":[{"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/media?parent=1028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/categories?post=1028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/tags?post=1028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}