Cisco and Lenovo helped the artificial intelligence software producer hike its valuation from $1.2bn to $2bn, following a $145m round in 2018.
China-based artificial intelligence technology provider 4Paradigm closed a $230m funding round today featuring networking technology producer Cisco and consumer electronics manufacturer Lenovo.
The company did not specifically identify any other participants in the round but stated that venture capital firm Sequoia Capital is still its largest shareholder following its completion. It valued 4Paradigm at about $2bn.
Founded in 2014, 4Paradigm provides AI software that increases efficiency in areas like manufacturing, healthcare and supply chains. It expanded to Europe and Southeast…
