Tech Company Financing Transactions
Baichuan AI Funding Round
On 10/17/2023, Baichuan AI received $300 million in Series A funding from Alibaba Group, Tencent and Xiaomi.
Transaction Overview
Company Name
Announced On
10/17/2023
Transaction Type
Venture Equity
Amount
$300,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to accelerate growth, both organically and externally, and expand operations.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
B1701, Floor 15, Building 8, Yard 1 Zhongguancun East Road,
Haidian, Beijing, Undisclosed
CN
Haidian, Beijing, Undisclosed
CN
Phone
Undisclosed
Website
Email Address
Overview
Baichuan Intelligence was founded on April 10, 2023 by former Sogou CEO Wang Xiaochuan. The company's mission is to help the public obtain world knowledge and professional services easily and universally, and is committed to building China's best large model base through breakthroughs in language AI. The company's core team is composed of top AI talents from well-known technology companies such as Sogou, Baidu, Huawei, Microsoft, Byte, and Tencent. Less than 100 days after its establishment, Baichuan Intelligent released two large open source Chinese models, Baichuan-7B and Baichuan-13B, which are free for commercial use. They have ranked among the best in many authoritative evaluation lists.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Xiaochuan Wang
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