The large model company Xihu Xincheng has completed a B+ round financing of several hundred million yuan.

On August, the large model company Xihu Xincheng announced that it has recently completed a B+ round of financing, with the financing amount reaching several hundred million yuan. The round was led by Guangfa Xinde, with follow-on investments from multiple institutions including Xihu Innovation Investment, Wuhan Yangtze River Dolphin Fund, Rongyi Investment, and Nantong Investment Management. Strategic investments were also made by Liepin and the 58 Industry Fund, while existing shareholders Ant Group and Tom Cat provided comprehensive support. The financing funds will mainly be used for the ongoing research and development of the next-generation diffusion language model, deep iterations of its native multimodal real-time interactive products, and further expansion into overseas markets.