Alibaba is set to lead a $300 million investment in UniPat AI. UniPat AI trains and benchmarks artificial intelligence systems. The round would value the young company at $2.5 billion. Tencent is also taking part, alongside earlier backers including HSG, formerly Sequoia China. The financing is expected to close soon. Talks are still under way and the terms could change. UniPat AI was founded by a former Alibaba intern. The account comes from people familiar with the matter, who asked not to be named.
- $300 million round
- $2.5 billion valuation
Sources