Changjing AI closes RMB10m-level angel round led by 4Paradigm

On July 7, Changjing AI has received a 10 million yuan level angel round of financing led by 4Paradigm, with participation from Aedlus Capital and Tianyi Industrial Holdings.

On July 7, Changjing AI has received a 10 million yuan level angel round of financing led by 4Paradigm, with participation from Aedlus Capital and Tianyi Industrial Holdings.

Proceeds from this round of financing will be mainly used for technology development, market expansion, project implementation and establishment of its consulting service team.

The strategic investor, 4Paradigm, will support Changjing AI in the areas of algorithms, computing power and other technologies as well as customer acquisition.

Founded in the end of 2019, Changjing AI is a developer of an online AI platform designed to collect geo-data and spatio-temporal data that accelerate smart city development.

The company’s platform offers services such as enterprise space planning, resource allocation management, and operation analytics, enabling clients to better manage their resources.

The core technology system of Changjing AI can be summarized as “BAGS”, namely, Big Data, AI, GIS and Scenarios. Sun Wei, founder and CEO of the company, said that the goal is to combine AI technology with specific application scenarios to increase industrial productivity.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/09/changjing-ai-closes-rmb10m-level-angel-round-led-by-4paradigm/.

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