On August 12th, news emerged that Junyang Lin, previously the technical lead at QianWen, has launched a new venture named Pragmatic Technologies in Shanghai. The startup is dedicated to pioneering research in next-generation agents that seamlessly integrate the digital and physical realms. According to reports, this funding round was jointly spearheaded by GaoRong Capital and HSG (Sequoia China), with additional backing from Tencent and the Shanghai Future Industry Fund. Insiders close to the deal revealed that this marks the angel funding round for Pragmatic Technologies, with the company achieving a valuation of $2 billion.