MTR Lab backs AI start-up Ensonic in first mainland Chinese investment
Beijing-based Ensonic is a seven-year-old start-up that produces AI-powered acoustic-detection methods used for gear high quality management and upkeep, the 2 corporations mentioned in an announcement on Tuesday. This marks MTR Lab’s first funding in a mainland Chinese language firm.
The deal is “greater than an funding” as a result of it is usually “a dedication to collaborate” and advance improvement of the agency’s AI-based acoustic detection expertise, MTR Lab managing director Michael Chan Ting-bond mentioned within the assertion.
He mentioned MTR Lab additionally hopes to “align with the nationwide technique” of growing “new high quality productive forces” – a time period launched by President Xi Jinping in September final yr to explain productiveness positive aspects pushed by technological innovation.
Over the following three years, Ensonic plans to develop into the rail transport markets of Singapore and Japan, in addition to the ability grid sectors within the United Arab Emirates and Saudi Arabia, founder and chief govt Dong Liang Ding mentioned in an announcement to the Publish on Wednesday.
