- Terminus Group, based in Beijing, closes a funding round, raising $276 million.
- Leading investors include AL Capital and Yuyao Yangming Equity Investment Fund.
- Funds were allocated to advance AIoT technologies, expand globally, and apply LLMs industrially.
- Terminus, founded in 2015, specializes in AIoT solutions for smart cities.
- Strategic partnerships were established with major cities and companies like Beijing, Shanghai, JD.com, and Dubai Expo 2020.
- Expansion into the Middle East and North Africa in 2021 marks global presence.
Main AI News:
In a significant move for the artificial intelligence sector, Terminus Group, headquartered in Beijing, has successfully concluded a funding round, securing a staggering RMB 2 billion ($276 million). This investment is spearheaded by prominent entities such as Australian investment powerhouse AL Capital and Chinese private equity leader Yuyao Yangming Equity Investment Fund, as disclosed by Caixin.
Terminus’ series D funding round boasts a notable lineup of investors, including Futian Capital Holdings Co. Ltd., Gemdale Corp., China Everbright Ltd., and SenseTime Group Ltd., affirming confidence in the company’s trajectory and potential.
The capital injection is earmarked for pivotal areas within Terminus’ strategic roadmap. Primarily, it will fuel advancements in the research and development of Artificial Intelligence of Things (AIoT) technologies. Furthermore, the funds will facilitate the company’s expansion into the global market, bolstering its presence and reach. Significantly, a substantial portion of the investment is dedicated to accelerating the industrial application of AIoT-based multimodal Large Language Models (LLMs).
Established in 2015 in Chongqing, southwestern China, Terminus has emerged as a trailblazer in AIoT solutions, particularly tailored for smart cities. The company has forged strategic alliances with municipal authorities and enterprises across prominent cities such as Beijing, Shanghai, JD.com, and the Dubai Expo 2020. Additionally, Terminus has demonstrated its commitment to global expansion by establishing headquarters in the Middle East and North Africa in 2021, solidifying its position as a key player in the international AI landscape.
Conclusion:
Terminus’ substantial funding injection signifies growing investor confidence in AI-driven technologies, particularly AIoT and Large Language Models. The company’s strategic allocation of funds towards research, global expansion, and industrial application underscores its commitment to innovation and market leadership. This development is poised to accelerate advancements in AI applications, potentially reshaping industries and driving further investment in the burgeoning AI landscape.
