Google Takes Minority Stake in $300 Million China Startup Mobvoi

Google will take a minority stake in Beijing-based artificial intelligence firm Mobvoi as part of a $75 million fundraising round.

• Mobvoi works on artificial intelligence (AI) voice-controlled software, like that used in Google’s Android products for mobile search, and also develops hardware like smart watches.
• The Google-led Series C fundraising values Mobvoi at $300 million (roughly Rs. 1,950 crores), with the startup maintaining a controlling stake.
• Mobvoi previously partnered with Google to provide Chinese-language voice search for the latter’s Android Wear smartwatch operating system.