Chinese AI company 4Paradigm completes Series C+ financing, with a valuation of approximately US$2 billion

Chinese AI company 4Paradigm announced the completion of its C+ round of financing, with a total financing amount of US$230 million in the C round and a post-investment valuation of approximately US$2 billion. In this round of financing, new strategic shareholders include Cisco, China CITIC Bank, and Lenovo. Pine Valley Capital and Cornerstone Capital joined as financial investors.

Fourth Paradigm has always taken helping enterprises achieve intelligent transformation and optimizing their efficiency and decision-making as its strategic goal. This round of financing will be used for market expansion, R&D investment, and industrial ecosystem construction around this goal. Lenovo and CITIC Bank, the strategic investors introduced this time, will help Fourth Paradigm further integrate upstream and downstream resources of the industrial chain, which will help it build enterprise-level service infrastructure and expand its business. As an overseas investor, Cisco will play an important role in Fourth Paradigm's international layout.

Founded in 2014, 4Paradigm’s business scope currently covers many industries including finance, retail, healthcare, manufacturing, Internet, media, government, energy and operators.

According to public information, Fourth Paradigm has previously received investments from Sequoia Capital and Sinovation Ventures. It is the first startup company invested in by the five major state-owned banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications.