- Terminus Group has raised $276 million in Series D funding.
- The company plans to use the funds to boost R&D in AIoT and LLM applications.
- Terminus aims to expand globally, building on its existing smart city partnerships.
Terminus Group, a Beijing-based AI services provider, has hit the jackpot with a whopping $276 million in Series D funding.
The investment round was led by Australian firm AL Capital and Chinese fund Yuyao Yangming Equity Investment Fund, with a star-studded lineup of investors including Futian Capital Holdings, Gemdale Corp., China Everbright, and SenseTime Group.
Leveling up LLMs and AIoT
Terminus isn’t just sitting on its newfound cash. The company plans to use the funds to turbocharge its research and development in AIoT (Artificial Intelligence of Things) technologies.
Terminus also aims to accelerate the large-scale industrial application of AIoT-based multimodal Large Language Models (LLMs). That’s a mouthful, but trust us, it’s going to be epic.
Smart cities, here we come!
Founded in 2015 in Chongqing, China, Terminus has been making waves in the world of AIoT solutions for smart cities.
The company has already formed strategic partnerships with city authorities and businesses like Beijing, Shanghai, JD.com, and the Dubai Expo 2020.
Now, with a shiny new headquarters in the Middle East and North Africa, Terminus is ready to take on the global market and make our cities smarter than ever before.
