[Netease Intelligent News Dec. 19] It is reported that the fourth paradigm has recently completed the C round of financing, with a financing amount of more than 1 billion yuan and a valuation of about $1.2 billion.
It is understood that this round of financing has also introduced strategic shareholders including Guoxin, Enlightenment, Poly, Three Gorges, CITIC, Agricultural Bank of China, Jiaobin and so on. Sequoia China continues to make additional investments. The new investors of this round, Agricultural Bank of China and Bank of Communications, belong to the Five Big Banks of China together with the original shareholders of the fourth paradigm, Industrial and Commercial Bank of China, Bank of China and China Construction Bank.
In response to this round of financing, CEO Dai Wenyuan, founder of the fourth paradigm, said: The fourth paradigm business has expanded from finance to medical, government, energy, retail, media and other fields. We will continue to strengthen investment in technology and platform to accelerate the expansion and large-scale application of AI common platform in various industries.
Before that, the fourth paradigm completed the A-round financing of Sequoia Chinaled Investment, the A+round financing of innovative workshop led investment, the B-round financing of Yuan Sheng Capital, the B-round financing of public capital led investment and the joint equity of ICBC, Bank of China, China Construction Bank and their affiliated funds, the nature of which is the B+round financing of strategic investment.
According to the data, the fourth paradigm was established in early 2015 and is an AI technology and service provider. Its core product, the Fourth Paradigm Prophet, is a low-threshold, end-to-end enterprise-level artificial intelligence PaaS platform. (Ding Guangsheng)
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