Baidu Ventures Partners With Comet Labs to Build AI Ecosystem in the US

SAN FRANCISCO, March 1, 2017 /PRNewswire/ -- AI/Robotics-focused venture capital firm and research lab COMET LABS' co-founder Liu Wei has been hired by BAIDU VENTURES as its new CEO. Baidu Ventures is the independent investment arm of the Chinese technology conglomerate, Baidu. As the new CEO of Baidu Ventures, Wei will be leading investments and strategic partnerships for the firm with a strong focus on developing new artificial intelligence technologies.

Additionally, Wei and Baidu Ventures will be strengthening their partnership with Comet Labs both in the United States and in China. Baidu Ventures has committed resources and talent to enhance Comet Labs' industry-focused accelerator programs, beginning with the Transportation Lab that was recently opened for startup applications. Together with Baidu Ventures, Comet Labs will be able to offer a range of benefits to accepted startups to help them improve their product development and customer discovery strategies including but not limited to technical mentorship, datasets and cloud compute power on GPU clusters.

COMET LABS is committed to supporting impactful AI and Robotics startups through venture capital investing and experimental accelerator programs called Labs. The Labs programs are industry, or deep-tech, -specific in order to maintain a focus on fostering strong collaboration between the right startups, academics, mentors, and corporate partners. Examples of companies in the Comet Labs portfolio can be found at http://cometlabs.io/portfolio.

For more information about Comet Labs and the new partnership with Baidu Ventures, contact Derek Embry at [email protected].

SOURCE Comet Labs

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