iPhone producer Wistron leads $4.3m round of Taiwan machine learning startup

Taiwan-based Hive Ventures announced that it has participated in a US$4.3 million series A round of machine learning company InfuseAI.

Photo credit: Hive Ventures

Wistron Corporation, a Taiwanese iPhone manufacturer, led the round, with Taiwan Venture Capital Group and Silicon Valley Taiwan Investments also joining the fundraise.

Hive Ventures aims to develop Taiwanese-led startups and invests in early-stage companies that focus on artificial intelligence, software as a service, and other technologies.

“As enterprises from manufacturing, healthcare, finance, and other sectors seek to scale their AI operations and model deployments, they will require a platform like InfuseAI to allow seamless collaboration between developers and data scientists,” said Yan Lee, founder and managing partner of Hive Ventures.

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Launched in 2018, InfuseAI is a machine learning operations provider that specializes in making AI workflow scalable through its cloud solutions. This can help boost efficiency by managing hardware resources, access control, and datasets.

The company is targeting Japan as its next market and plans to expand into Southeast Asia by the end of 2021.