Baichuan Intelligence Completes 5 Billion Yuan Series A Financing, Becomes the Third Large Model Unicorn in China with a Valuation of 20 Billion Yuan

Baichuan Intelligence

On July 25, a market source said that big model startupsBaichuan IntelligenceRecentlyIt has completed its Series A financing, totaling RMB 5 billion, and will open its Series B financing at a valuation of $20 billion.

Baichuan Intelligence was founded on April 10, 2023, by Wang Xiaochuan, former CEO of Sogou. At the beginning of its establishment, Wang Xiaochuan revealed that the company had received an angel round of $50 million in start-up capital.In October 2023, Baichuan Intelligence announced the completion of $300 million in A1 round of strategic financing, and said that the participants were technology giants such as Ali, Tencent, Xiaomi, and a number of top-tier investment institutions.

In the competition of big models, Baichuan Intelligence chose the direction of AI medical care.During the 2024 World Artificial Intelligence Conference (WAIC) in early July, Baichuan Intelligence exhibited its Baichuan series of general-purpose big models in its booth, the AI assistant Baixiaoying, in addition to the main demonstration of medical scenarios, including the internal beta version of the medical app, AI Health Advisor. Wang Xiaochuan once said in 2021, "In the next two decades, if we can do our part for the development of life science and medicine, and make a small contribution to public health, life will be more meaningful."

In the first half of this year, the domestic big model unicorns have been financing news, successfully pulling up the valuation of the first echelon to 20 billion yuan above and below.

Earlier this year, Wisdom AI disclosed that it had completed a new round of financing with the participation of Beijing Artificial Intelligence Industry Investment Fund. In June this year, market news that the Middle East oil giant Saudi Aramco (Aramco) funds participated in the investment of the wisdom spectrum AI, this round of financing amounted to about 400 million U.S. dollars, the investment will make the wisdom spectrum AI valuation of about 3 billion U.S. dollars, the wisdom spectrum AI did not confirm this news.

In February this year, the dark side of the moon (Moonshot) to complete the A round of financing, financing amount of more than 1 billion U.S. dollars, post-investment valuation of about 2.5 billion U.S. dollars, investors, including Sequoia China, small red book, the U.S. Mission, Ali and other well-known companies.In May, there are market news that the dark side of the moon to complete a new round of financing, the post-investment valuation of about 3 billion U.S. dollars, the new investors include tencent, banyan tree Venture Capital and other institutions! The dark side of the moon did not respond to this.

In March, MiniMax was also rumored to have completed a new round of financing, led by Alibaba, in the amount of $600 million. This latest round of financing in 2024 may value MiniMax at more than $2.5 billion, the sources said. in June, the same market news said that theAI macromodelThe company, Step Star, is in the midst of a new funding round valued at $2 billion, and Alibaba is among the investors.

Over the past year and a half, the domestic large model unicorn company rapid financing growth, valuation has soared to 20 billion up and down, the industry is also initially formed 6 unicorn large model company against BAT and other large manufacturers dozen base large model pattern.