France's Dassault Systèmes Sets Up First VC Fund in China to Invest in AI, Emerging Sectors, CEO Says
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French industrial software giant Dassault Systèmes has launched its first venture capital fund in China, raising CNY750 million (USD109.7 million) to invest in AI and emerging sectors. CEO Pascal Daloz, on a visit to strengthen ties with Chinese firms, indicated that the fund will focus on areas like physical AI and smart manufacturing. A second funding round is anticipated next month. Daloz also highlighted the company's commitment to supporting local startups and expanding their reach internationally, following the establishment of a 3DEXPERIENCE innovation lab in Shanghai.
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