Approaching.AI, a provider focused on high-quality AI Token production services, has completed a Series B round worth more than RMB 1.3 billion, according to Techub News. The company said its total fundraising this year has reached RMB 2.4 billion.
The round was co-led by Zhecai Innovation, Xiaoshan Capital, ICBC Investment, Zhongguancun Science City, Xinglian Capital, and Qianjiang Century City. Follow-on investors included Yunchuang Capital, SenseTime, and Wangsu Technology, among others.
Approaching.AI said the new capital will be used for expanding high-quality AI Token production capacity, upgrading and iterating its ATaaS platform, developing inference-layer core technologies, and improving its commercialization partnerships and delivery system. The company also said its average daily output of high-quality AI Tokens has increased by more than 100 times and climbed to a scale exceeding one trillion, while revenue this year has reached nearly 10 times its full-year level from last year.
The company added that it has formed ecosystem partnerships with SenseTime, Parallel Technology, and Wangsu Technology to advance the construction and operation of high-quality AI Token factories and explore production solutions based on domestic chips.
Approaching.AI, a provider of high-quality AI Token production services, has completed a Series B financing round worth more than RMB 1.3 billion, according to Techub News. The company said its cumulative fundraising this year has reached RMB 2.4 billion.
The round was co-led by Zhecai Innovation, Xiaoshan Capital, ICBC Investment, Zhongguancun Science City, Xinglian Capital, and Qianjiang Century City. Participating investors included Yunchuang Capital, SenseTime, and Wangsu Technology, among others.
Capital to go toward capacity, platform upgrades, and core R&D
Approaching.AI said the proceeds will be directed mainly to expanding high-quality AI Token production capacity, upgrading and iterating its ATaaS platform, developing inference-layer underlying technologies, and improving its commercialization partnerships and delivery system.
Company disclosed output and revenue growth
The company said average daily output of its high-quality AI Tokens has risen by more than 100 times and has climbed to a scale above one trillion. It also said revenue generated this year has reached nearly 10 times the level recorded for the whole of last year.
Partnerships in place for AI Token factory buildout
Approaching.AI said it has reached ecosystem cooperation agreements with SenseTime, Parallel Technology, and Wangsu Technology. The partnerships are aimed at advancing the construction and operation of high-quality AI Token factories and exploring production technology solutions based on domestic chips.
The item was attributed to QbitAI.
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