AI Summary12 Aug 202629 Safar 1448 AH
AI Summary
12 Aug 202629 Safar 1448 AH
Former Qwen Tech Chief Lin Junyang Launches Pragmatik Labs with a Two-Billion-Dollar Valuation — and Pivots from Foundation Models to Agents
Lin Junyang, the former technical lead at Alibaba, has founded Pragmatik Labs in Shanghai with a $2 billion valuation at the angel investment stage. The funding round was co-led by Gaorong and HongShan, each contributing $100 million, while Tencent invested $20 million, and the Shanghai Future Industry Fund participated.
Pragmatik Labs, known in Chinese as Yuyong Technology, focuses on developing digital and physical agent systems, emphasizing tool use and environmental interaction. No product has been announced yet, but the company aims to provide innovative solutions in the AI sector.
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This summary is generated with AI and receives periodic editorial review. Refer to the original source for full details.
Former Qwen Tech Chief Lin Junyang Launches Pragmatik Labs with a Two-Billion-Dollar Valuation — and Pivots from Foundation Models to Agents
Lin Junyang, the former technical lead at Alibaba, has founded Pragmatik Labs in Shanghai with a $2 billion valuation at the angel investment stage. The funding round was co-led by Gaorong and HongShan, each contributing $100 million, while Tencent invested $20 million, and the Shanghai Future Industry Fund participated.
Pragmatik Labs, known in Chinese as Yuyong Technology, focuses on developing digital and physical agent systems, emphasizing tool use and environmental interaction. No product has been announced yet, but the company aims to provide innovative solutions in the AI sector.
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This summary is generated with AI and receives periodic editorial review. Refer to the original source for full details.
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