AI large model company Baichuan Intelligence has confirmed the completion of 5 billion yuan in Series A financing and will initiate Series B financing with a valuation of 20 billion yuan

ChainCatcher news, according to Titanium Media, domestic AI large model company Baichuan Intelligence has confirmed that it recently completed a Series A financing round, with a total financing amount reaching 5 billion RMB, and will start Series B financing with a valuation of 20 billion RMB. The Series A investors include leading companies and market-oriented investment institutions such as Alibaba, Xiaomi, Tencent, Yanzhi Capital, and China International Capital Corporation, as well as state-owned industrial investment funds like the Beijing Artificial Intelligence Industry Investment Fund, Shanghai Artificial Intelligence Industry Investment Fund, and Shenzhen Capital Group.

In addition to last year's 2.5 billion RMB financing (50 million USD angel round + 300 million USD A1 round), Baichuan Intelligence has now completed a total of 7.5 billion RMB in financing, setting a record for the highest total financing amount in the domestic AI large model field, and has become the latest company to reach a valuation of 20 billion RMB in the "first tier" of large model companies, following MiniMax, Dark Side of the Moon, and Zhipu AI.