Video Technology Company YouHua Tech Raises Tens of Millions of USD in Series B Funding | Gaorong Ventures News
We will continue to increase R&D investment. Strong technical and product capabilities are the foremost conditions for winning in the video space.
Recently, video technology startup Youhua Tech announced it has completed a Series B funding round of tens of millions of dollars. The round was led by HSG, with Capital Today, Gaorong Ventures, IDG Capital, and GSR Ventures participating. This marks the company's third funding round in just nine months since its founding.
Previously, Youhua Tech raised several million dollars in an angel round this March, with Gaorong Ventures and ZhenFund as investors. In June, it completed a Series A round of tens of millions of dollars led by Sequoia Capital, Capital Today, Gaorong Ventures, and GSR Ventures.
Youhua Tech is a technically formidable short-video startup, staffed by top-tier domestic engineers specializing in audio-video deep learning, recommendation engines, and multimedia editing tools. The company maintains a strong engineering culture. Co-founder and CEO Jian Song previously led the Toutiao Video app at ByteDance. The core team members all hail from BAT companies and have years of experience working together.
Regarding how the new capital will be used, co-founder and CTO Mingqiang Hou stated: "This round will undoubtedly help us continue ramping up R&D investment. Strong technical and product capabilities are the primary conditions for winning in this space."
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