- Chinese artificial intelligence company 4Paradigm announced it raised $230 million in series C+ funding with a post-money valuation of nearly $2 billion
Chinese artificial intelligence company 4Paradigm announced it raised $230 million in series C+ funding with a post-money valuation of nearly $2 billion, according to China Money Network. Sequoia Capital is the company’s largest external shareholder following this deal.
With this round of funding, it further strengthens the company’s shareholder list by bringing new strategic investors onboard like Cisco and Lenovo. And through these partnerships, it will provide a more solid foundation for the company to build an AI-based enterprise-level ecosystem.
Ever since 4Paradigm launched in 2014, the company has developed AI solutions by working with clients in a wide range of industries like finance, retail, energy, etc.
4Paradigm is focused on deploying best-in-class AI solutions for solving real-world problems in the industry thus resulting in more innovative production, sustainability, agile supply chains, and efficient allocation of resources in the private- and public sectors.
And 4Paradigm has also been at the frontline of the fight against COVID-19 since the beginning and contributing expertise and technologies for developing and deploying major AI applications such as precision screening for prevention and control, a real-time scenario analysis system, and an infection contact sourcing system.
At the same time, 4Paradigm responded rapidly to the surge in demand for companies to shift workflows and business models online thus providing clients with a suite of operational capabilities in
