China Three Gorges, Cisco and Lenovo-backed 4Paradigm has closed a $700m series D round after more than a dozen backers threw their weight behind the enterprise AI developer.

4Paradigm, a China-based artificial intelligence (AI) technology provider backed by corporates China Three Gorges, Cisco and Lenovo, closed a $700m series D round today.

Primavera Capital, Boyu Capital and Hopu Investments co-led the round, which also attracted National Manufacturing Transformation and Upgrading Fund, China Development Bank, China Reform Holdings, JIC Tech-INV, Xicheng Jinrui and CSC Financial.

Haitong Securities, Sequoia Capital China, CPE, Goldman Sachs, Jinyi Capital and FountainVest Partners filled out the round.

Founded in 2014, 4Paradigm is working on…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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