Series A Financing

According to Intelligent Surge, big model startup Baichuan Intelligence recently completed a round of A financing totaling 5 billion yuan, with its valuation climbing to 20 billion yuan. In addition to the previously announced investors such as Ali, Tencent and Xiaomi, this round of financing also attracted state-owned background industrial investment funds from Beijing, Shanghai and Shenzhen to join, the report said. Baichuan Intelligence was founded by former Sogou CEO Wang Xiaochuan in April 2023, and is one of the first AI big model companies in China. Since its inception, the company has launched 12 large models, covering both open source and closed source areas, and in May this year released the AI assistant "hundred small should&qu...

At a time when the global tourism industry is undergoing major changes, British travel technology company Byway announced the completion of approximately US$6.4 million in Series A financing, which will be used to promote the expansion of its AI-based flightless travel planning service. This round of financing was led by Heartcore Capital, with participation from Eka Ventures and several angel investors. It is reported that the founding of Byway was quite dramatic. In March 2020, just as the COVID-19 pandemic was sweeping Europe, founder Cat Jones decided to start this company focused on slow travel and sustainable tourism. To this day…

Hippocratic AI, an AI company focusing on the medical field, announced that it has completed a $53 million Series A financing, bringing its valuation to $500 million and increasing the total financing amount to $120 million. This round of financing was co-led by Premji Invest and General Catalyst, with participation from SV Angel, Memorial Hermann Health System, and existing investors Andreessen Horowitz (a16z) Bio + Health, Ci…