China-based startup Deep Science has raised an undisclosed amount in series A funding round led by Malaysia’s GSR Ventures. It is reported that the funding is worth several millions of dollars. Deep Science is focused on virtual AI-based Livestream technology related to real-time animation.
The funding round also saw participation from Peakview Capital and MyEG Capital. Furthermore, the Chinse startup has been involved in an angel round last year through Innoangel Fund.
Deep Science was incorporated in 2016 and is located in Beijing. The company has launched products such as DM light and Plus for pro-level video producers and DM easy for live streaming. There are other products such as AI-based virtual live streaming functions.
The company also produces products based on live e-commerce technology that is powered by AI chatbots which can live stream during any time of the day. The product is by companies such as Panasonic.
Cheng Weizhong, Deep Science founder, told the media, “Various technologies are needed for the development of real-time animation and virtual livestreaming, and that it is difficult to coordinate them. This is why Deep Science has developed all the technologies on its own instead of integrating other technologies, Cheng said. As a result, Deep Science has so far acquired 50 patents. The use of virtual live e-commerce will increase, given the costs of human livestreaming and that people need breaks.”
The company is looking to bolster its sales strategy and work on the development of character and background in accordance with different sectors.