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