4Paradigm raises $700 million in latest round of funding
The 4Paradigm logo [Photo/4paradigm.com]
4Paradigm announced the completion of its $700 million Series D funding round on Jan 22.
Boyu Capital, Primavera Capital, and HOPU Investments led this funding round, followed by other first-tier institutional investors like Sequoia Capital, Goldman Sachs, CPE, Jinyi Capital and Fountain Vest Partners.
Quite a few strategic investors also participated, such as CDB Capital, China Reform Holdings, JIC TECH-INV, CSC Financial, and Haitong Securities.
With this new funding, 4Paradigm can accelerate its strategic planning across key industries to establish an enterprise-grade AI-based ecosystem and cultivate AI talent.
4Paradigm is an emerging global leader in enterprise-grade AI, including both platform and applications. Since its founding six years ago, 4Paradigm has worked with its clients to implement best-in-class AI solutions to business problems and drive digital transformation.
4Paradigm AI is now deployed with clients in virtually every major sector, including finance, retail, manufacturing, energy, healthcare, internet, logistics, agriculture and technology.
In 2020, 4Paradigm significantly expanded and upgraded its enterprise-grade product portfolio, including Sage AIOS, SageOne, Sage HyperCycle ML, and Tianshu, resulting in a full-stack matrix of standardized AI products notable for their combination of power and ease of use.
This is also the second time 4Paradigm has announced financing in less than a year.
4Paradigm completed its C+ round of financing on April 2, 2020, with a post-investment valuation of approximately $2 billion.
Having received investment from Sequoia Capital and Sinovation Ventures previously, 4Paradigm is the first startup company to receive investment from five state-owned banks, including the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications.