General AI Company Qiyuan World Completes 300 Million Yuan Series A Funding Round to Accelerate Buildout of AI Infrastructure for the Digital Age
Dedicated to creating great agent products, and bringing agents into every industry, every home, and every individual.
Recently, Qiyuan World, an artificial general intelligence company, announced the completion of its Series A financing round of RMB 300 million, led by GGV Capital, with participation from Jiayu Capital, and continued investment from existing shareholders including Gaorong Ventures and Lilith Games. Gaorong Ventures had previously led Qiyuan World's angel round and has participated in subsequent financing rounds.
The proceeds from this round will be primarily allocated to foundational AI technology innovation, core product upgrades, recruitment of top-tier talent, and market expansion for its digital entertainment and intelligent decision-making businesses.
Qiyuan World is an artificial general intelligence company focused on cognitive decision-making, founded by former Alibaba executives and technical experts. Its core team members hail from leading technology companies and institutions including Netflix, BAT, The Hong Kong University of Science and Technology, and Tsinghua University, and has assembled technical experts in reinforcement learning, recommendation algorithms, and large-scale engineering systems.
The company is committed to creating great intelligent agent products and bringing intelligent agents to every industry, every household, and every individual, enhancing industrial efficiency and life experiences. Since its inception, the company has leveraged deep learning, reinforcement learning, and ultra-large-scale parallel computing to independently build an industrial-grade intelligent agent training cloud platform, providing enterprise customers with end-to-end intelligent agent development, training, evaluation, and deployment tools to help them rapidly build intelligent agent applications. The company has also repeatedly won world-class AI competitions. In June 2020, Qiyuan World's self-developed AI intelligent agent defeated a Chinese professional StarCraft II champion 2:0 in a human-machine battle, setting a new record for human-machine competition.
Qiyuan AI intelligent agent competing against Chinese StarCraft champion Li Peinan (TIME) in a human-machine battle
"Build intelligence, Inspire people — originating from games, serving games, crossing from the digital world to the real world" is Qiyuan World's strategic path. In the digital entertainment sector, the company has provided complete AI solutions for several well-known game developers, including AI applications for virtual players, content generation, item recommendation, and numerical design. At present, Qiyuan World's general AI platform and services cover game genres including MOBA, FPS, RPG, AVG, SIM, and RTS, and the company is working with partners to create next-generation innovative games and digital entertainment products, aspiring to bring users distinctive interactive fun and companionship through Qiyuan intelligent agents in the virtual worlds and Metaverse that will emerge in 5–10 years.
Taking virtual player services as an example, Qiyuan World utilizes deep learning, reinforcement learning, and imitation learning algorithms to create AI virtual teammates and opponents of varying difficulty levels and styles with highly human-like behavior. At relatively low cost, these fill gaps in game traffic, rapidly boosting game popularity, matchmaking speed, and gaming experience, improving player retention, reducing user complaint rates by 70%, and increasing next-day retention by 10%. Based on Qiyuan's general AI-powered personalized game item recommendation services, purchase conversion rates can be improved by over 50%.
In the intelligent decision-making domain, the company possesses a leading intelligent agent training cloud platform and services, helping clients solve complex dynamic decision-making problems involving game theory, optimization, and control. It currently serves numerous Fortune 500 companies and research institutions.
Qiyuan accelerates the construction of general AI infrastructure for the digital era
"We firmly believe that artificial general intelligence will arrive and usher in the metaverse, substantially advancing the digitalization and intelligentization of society and creating a better future," said Qiyuan World founders Yuan Quan and Long Haitao. "For this financing round, we are especially grateful to our new and existing investors, clients, and all our employees who share our vision. We will remain true to our entrepreneurial spirit as always, and through professional products and services, accelerate the construction of general AI infrastructure for the digital era, becoming the preferred partner for our clients in digital entertainment and intelligent decision-making."
Michael Mao, Founding Partner of Gaorong Ventures, stated, "Artificial general intelligence is the crown jewel of AI. Today, intelligent decision-making technology already has broad applications in the virtual world. Going forward, we look forward to seeing this technology cross from the virtual to the real, helping industries upgrade and bringing greater benefits to people's lives. We expect Qiyuan World to achieve even greater breakthroughs on the path toward artificial general intelligence."
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