Chinese AI start-up Beijing Zhipu Huazhang Technology Co., Ltd. announced on Friday that it has accumulated over 2.5 billion yuan in financing this year. The main investors include the Social Security Fund Zhongguancun Independent Innovation Special Fund (with Junlian Capital as the fund manager), Meituan, Ant Group, Alibaba, Tencent, Xiaomi, Kingsoft, Shunwei Capital, Boss Zhipin, TAL Education Group, Sequoia Capital China and Hillhouse Capital, etc..
This financing will be used for further research and development of the pedestal large model, states the company.
Zhipu Huazhang was established in 2019, derived from the technological achievements of the Knowledge Engineering Laboratory at Tsinghua University’s Department of Computer Science. With over ten years of technical accumulation in knowledge intelligence, Zhipu Huazhang brings together top-notch technology research and development teams and experienced consultants.
Among the core team members, CEO Zhang Peng graduated from Tsinghua University’s Computer Science Department, Chairman Liu Debing is the student of Gao Wen from the Chinese Academy of Engineering, and President Wang Shaolan holds a Ph.D. from Tsinghua University.