LangBoat completes Pre-A financing round

LangBoat, a Chinese provider of large language models, announced it has finished its Pre-A plus round of fundraising and moved total financing to several hundred million yuan.

The fundraising round, led by Beijing Zhongguancun Science City Co, attracted previous investors including investment firm Sinovation Ventures and Eight Roads.

Founded in 2021, LangBoat is a cognitive intelligence company focusing on the second generation of AI large models. Its products are mainly based on natural language process technologies and its own independent Mencius large model.

According to Zhou Ming, founder and CEO of LangBoat, it has offered several enterprise-level solutions, like machine translation and financial NLP, and has cooperated with several companies in public opinion analysis and literature creation.

"Within two years, LangBoat has gained some momentum in launching several products and iterations of the Mencius large model. The new round of financing will be used for research and development of core technology products and marketing for sustainable development," he said.