IDG Capital and Sequoia Capital led a $200m Series B round in SmartMore.

IDG Capital and Sequoia Capital led a $200m Series B round in SmartMore, a vision AI technology company, with participation from CoStone Capital, Green Pine Capital Partners, Lenovo Capital and ZhenFund. This round of funding will be mainly used to further cultivate the market, increase investment in R&D of products and technology, and drive large-scale implementation into more intelligent manufacturing scenarios.