Chinese start-up Zhipu AI adds US$412 million to war chest in crowded market

Chinese start-up Zhipu AI adds US$412 million to war chest in crowded market

Zhipu said it doubled its revenue year on year in the 11 months to November, without providing an exact figure.

AI unicorn Zhipu raises $412 million in new funding round · TechNode

Zhipu, one of China’s most promising challengers to OpenAI, has completed a new funding round, raising 3 billion yuan ($412 million), according to Chinese media outlet 36Kr. The investment round included participation from several strategic investors and state-owned enterprises, with existing investors—such as Junlian Capital—continuing to back the company. The funds will be used to advance the company’s base model, expanding its capabilities fr…

Beijing-based AI startup Zhipu, which aims to make services tailored to the China market, raised $412M, after raising $400M at a ~$3B valuation in May 2024

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