4Paradigm has now won backing from Tsinghua University Science Park for its technology, which helps clients build AI apps for purposes including financial services.

China-based artificial intelligence software development tool creator 4Paradigm has received more than RMB1bn ($145m) in a series C round backed by Tsinghua University’s Science Park, Pandaily reported yesterday.
The round featured government-owned banks Agricultural Bank of China and Bank of Communications as well as power producer China Three Gorges and holding groups Citic Group and China Poly Group.
Sequoia Capital China and China Reform Holdings also took part in the series C round, which valued 4Paradigm at approximately…

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