AI toy company "Yueran Innovation" has completed a Series A financing of 200 million yuan.

36Kr learned that on August 25, the AI toy company "Haivivi" announced the completion of a Series A financing round totaling 200 million yuan. This round of financing was led by funds under CICC Capital, Sequoia Capital China, Huashan Capital, and Joy Capital, with China Merchants Bank International and others participating jointly. Existing shareholders such as Brizan Ventures continued to increase their investments. Qualitative Change Capital served as the exclusive financial advisor. The raised funds will be used for the R & D of the company's new product series, the construction of a talent pipeline, and the expansion of market channels.