4Paradigm is a well-known venture-backed AI startup that was founded by former executives as the Chinese search giant Baidu. Now, the company has announced that it’s raised a fresh funding round of $700 million led by three investors; Boyu Capital, Primavera Capital, and HOPU Investments. 

Other participants such as Sequoia Capital, Goldman Sachs, Mubadala, and the China-UAE Joint Investment Fund chipped into the new funding round for 4Paradigm. With its new round, 4Paradigm will work to expand its business. The company has now raised a total of over $1 billion in funding to carve a lucrative market share in the AI software market for itself.

4Paradigm provides a suite of AI software for enterprises. It’s one of the fastest-rising Chinese AI startups, having been founded only six years ago. 

With its new funding round, 4Paradigm has cemented its place as one of the highest-funded AI startups globally, a status that makes the company an ideal one to watch out for. 

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