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700 million US dollars (about 4.5 billion yuan), at the beginning of the new year, the AI field has ushered in the largest single financing since 2020 .
This news comes from the fourth paradigm of AI Unicorns , which has just officially announced the completion of Series D financing.
After this round of financing, the fourth paradigm plans to use funds to further accelerate the layout of key industries, build an AI-based enterprise-level ecosystem, and cultivate talents in AI cutting-edge industries.
Widely favored by the capital market
It is understood that this round of financing was led by Boyu Capital, Chunhua Capital, and Hopu Investment, and introduced strategic shareholders such as the National Manufacturing Transformation Fund, China Development Bank, Guoxin, China Construction Investment, China Securities, Haitong Securities, etc. Financial investment institutions such as Shan China, CITIC Industrial Fund, Goldman Sachs, Gold Yi Capital and Fangyuan Capital.
This is not the first time that the fourth paradigm has been so favored by capital markets.
On April 2, 2020, the fourth paradigm announced the completion of the C+ round of financing. The total amount of the two rounds of C financing reached 230 million US dollars . The new strategic shareholders include Cisco, China CITIC Bank and Lenovo, and the financial capital is Songhe Capital and Cornerstone Capital.
Earlier, the fourth paradigm also received investment from a number of star investment institutions such as Sequoia China.
And it is the first startup company jointly invested by five state-owned banks including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications.
As for why it is "hotly praised" by the capital market, this is closely related to the development of its business.
About Fourth Normal Form
The fourth paradigm is an artificial intelligence platform and technical service provider. Over the years, it has helped many customers use AI to carry out high-quality intelligent upgrades and accelerate the transformation of traditional industries.
In the six years since its establishment, in terms of business scope , it has expanded from the main financial industry to retail, manufacturing, energy, government, medical, internet, media, logistics, agriculture, high-tech and many other industries.
Especially when the "black swan" hits in 2020, the fourth paradigm plans and realizes the operational capabilities with AI as the core driving force for many customers, accelerating the online process of enterprises.
In terms of products , in order to expand this capability, in August last year, the fourth paradigm also released the world’s first AI operating system - Sage AIOS , and a series of products including Sage HyperCycleML, Tianshu, SageOne, etc. A full-stack AI product matrix from computing power, operating system, production platform to business system.
The fourth paradigm also has many cases in terms of commercialization , as well as deep technology accumulation and a rich AI ecosystem. It has continuously won the IDC China's machine learning platform market share (2018-2020 first half), and has been in Forrester machine learning The Wave platform ranks first in the leader quadrant with a comprehensive ranking.
In terms of autonomous and controllable technology , the fourth paradigm also plays an important role and value, participating in the compilation and construction of several national artificial intelligence technologies and application standards.
No. 1 in the world in the field of transfer learning, pioneered the basic theory and algorithm research of transfer learning. The research results won the first prize of the "Wu Wenjun Artificial Intelligence Science and Technology Award", the highest award in China's intelligence industry, and was nominated for the "National Science and Technology Progress Award."
In addition, the fourth paradigm is a world leader in the field of AutoML (automatic machine learning) technology. In academic research, the fourth paradigm has opened up more than 30 AutoML algorithm directions, forming a full range of AutoML covering perception, cognition, and decision-making. Stack algorithm layout.
In the previous international top data mining competition Kaggle competition, the average ranking of the fourth paradigm AutoML ranks in the top 2.2% of all human teams, which means that for every 45 top data scientists in the world, only one can beat the fourth paradigm AutoML.
In March 2020, the fourth paradigm AutoML was also selected as the global "Technology Indicator" Gartner "Ten Strategic Technology Trend Report".
……
Finally, the fourth paradigm stated that after the financing, in 2021, it will continue to make efforts on the road of "AI for Everyone".
Fourth paradigm financing process
According to Tianyan Check data, the fourth paradigm completed the angel round, A round, B round and B+ round financing between 2015 and 2018.
However, the specific financing amount has not been disclosed yet.
Thereafter, on December 29, 2018 and April and February 2020, respectively, the C round and C+ rounds of financing were completed, amounting to over RMB 1 billion and USD 230 million.
The D-round financing just disclosed is as high as 700 million US dollars.
Reference link:
https://www.tianyancha.com/brand/b766c102265
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