News & Publications

News

Deals & Cases

Chinese Tech Giant Baidu invests in Swiss Startup aiCTX

16 December 2018 – Baidu Ventures L.P. and aiCTX AG executed investment agreements pursuant to which Baidu Ventures became a new equity investor in aiCTX.

aiCTX is a Swiss startup company focused on neuromorphic computing. It provides dedicated mixed-signal neuromorphic processors which overcome the limitations of legacy von Neumann computers to provide an unprecedented combination of ultra-low power consumption and low-latency performance.

Baidu Ventures is an independent venture fund established by Baidu in 2017. Its investors include Baidu as well as other leading financial institutions and businesses. Baidu Ventures currently manages roughly USD 500M across 3 funds, and has offices in Beijing, San Francisco and Frankfurt. Its mission is to support entrepreneurs and companies who are spearheading the new age of artificial intelligence.

Walder Wyss has acted as legal counsel to Baidu Ventures. The team has been led by Alex Nikitine (Partner, Corporate/M&A, Capital Markets) and further included Marion Bähler (Associate, Corporate/M&A), Hugh Reeves (Associate, IP/IT), Simone Wetzstein (Associate, Employment), Flora Stanischewski (Associate, Employment) and Marius Breier (Associate, Tax).

Technically necessary cookies

Essential technical cookies are necessary for the flawless functioning of our website and cannot be disabled.
Cookies for statistics

Analytical cookies enable us to count visits and traffic sources, allowing us to measure and enhance the performance of our website. They assist us in answering questions such as which pages are the most popular, which are the least used, and how visitors navigate the website. All information collected by these cookies is aggregated and therefore anonymous.
Marketing cookies may be set by our advertising partners on our website. These companies can use them to create a profile of your interests and display relevant advertisements on other websites. They operate by uniquely identifying your browser and device. By activating these cookies, you acknowledge and consent to the information collected by such cookies being sent to providers outside of Switzerland and the EU, including countries with (from the perspective of Swiss data protection law) inadequate data protection (e.g., the United States, Singapore, and Taiwan). You also acknowledge that data transmitted abroad is no longer protected by Swiss law, and foreign laws as well as regulatory orders may require the disclosure of this data to authorities and other third parties.

Marketing cookies may be set by our advertising partners on our website. These companies can use them to create a profile of your interests and display relevant advertisements on other websites. They operate by uniquely identifying your browser and device. By activating these cookies, you acknowledge and consent to the information collected by such cookies being sent to providers outside of Switzerland and the EU, including countries with (from the perspective of Swiss data protection law) inadequate data protection (e.g., the United States, Singapore, and Taiwan). You also acknowledge that data transmitted abroad is no longer protected by Swiss law, and foreign laws as well as regulatory orders may require the disclosure of this data to authorities and other third parties.