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2024-09-02 09:45:20
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New Record in Domestic AI Infrastructure: Wu Wen Xin Qiong Raises Nearly 500 Million Yuan in Series A Financing
AI infrastructure startup 'Wu Wen Xin Qiong' announced the completion of nearly 500 million Yuan in Series A financing, setting the record for the largest single financing amount for domestic AI Infra startups. This round was co-led by the Social Security Fund Zhongguancun Independent Innovation Fund, Qiming Venture Partners, and Hongtai Fund, with participation from strategic investors including Lenovo Capital, Xiaomi, and Softcom. The funds will primarily be used to enhance talent acquisition, deepen technology research and development, drive product commercialization, and strengthen ecosystem collaboration. 'Wu Wen Xin Qiong' was established just 16 months ago.