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On December 23, Memect AI made a public announcement stating that it had successfully closed a financing round amounting to hundreds of millions of yuan. The investor lineup for this round includes prominent entities such as Jingguorui, Guoke Investment, CICC Porsche Fund, Miju Capital, and Heji Investment. The majority of the raised funds will be allocated towards the advancement of efficient, large-scale models tailored for edge computing environments, as well as to expedite the commercial rollout of edge AI technologies. Memect AI's innovative MiniCPM edge-side model has already achieved widespread deployment across several key industries, including automotive, mobile phones, PCs, and smart home systems. Moreover, the company has forged deep-rooted partnerships with esteemed industry leaders like Geely, Changan, Volkswagen, and Huawei.
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