Chinese text analysis startup Elen raises $22M series A from Matrix Partners China

Matrix Partners China, an affiliate of US-based Matrix Partners, has led a $22-million Series A round into Elens, China’s developer of AI-powered text analysis, according to an announcement by Matrix Partners China. Established in 2016, Elens deploys voice image recognition and natural language processing to improve efficiency of enterprises.

Elens is led by experts in the field of big data management, data mining and artificial intelligence, who have worked for global institutions like Microsoft Research Asia, IBM Research Institute and development centers of Yahoo, Beijing and Tencent.

Some recent investments of Matrix Partners China include Xiaoqule, 1Token, a digital currency aggregation-trading platform, and KuCoin, digital currency trading platform.

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