The company, valued at $ 2.2 billion US dollars according to the Licorne Hurun Global 2024 unicorn list, has obtained new funding from a capital investment in Capital Investment (SSCI), belonging to the State of Shanghai (SSCI).
The latest fundraising also involved other investors, according to a Tuesday press release from the management of Shanghai SSCI Investment Capital Funds (PE), but it has not developed the size of investments.
This decision has shown that Shanghai’s determination to build a “fully produced, independent and controllable” computer system, using china fleas to “solidify the basics of the country’s AI industry and its global competitiveness,” said the SSCI fund.