Baichuan Intelligence Valuation, Funding & Investors

Baichuan Intelligence is valued at $2.8B as of July 2024.

Last Baichuan Intelligence valuation

$2.8B

Series A · Jul 2024

Last Baichuan Intelligence funding round

$691M

Series A · Jul 2024

Cumulative funding Baichuan Intelligence raised

$1B

across 3 funding rounds

Key investors in Baichuan Intelligence

Baichuan Intelligence Overview

About Baichuan Intelligence

Baichuan Intelligence is a Beijing-headquartered artificial intelligence company. It builds large language model bases for general AI applications in search, multi-modal processing, education, and healthcare. The firm develops foundational models comparable to global standards and deploys upper-layer tools for enterprise integration across Chinese markets.


Founded

2023

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B

Revenue model

Licensing, Subscription

Valuation

$2.8B (Jul 2024)

Baichuan Intelligence Valuation

Baichuan Intelligence is currently valued at $2.8B, based on its Series A in July 2024.

The $691M round included Tencent, Shenzhen Capital Group and Alibaba Group.

Baichuan Intelligence's valuation has grown 1.0x from $2.7B at its angel round in April 2023 to $2.8B in July 2024, across 3 priced rounds.

Baichuan Intelligence valuation by funding round

Baichuan Intelligence valuation by funding round
DateStageValuation
Jul 2024Series A$2.8B
Oct 2023Series A$1.3B
Apr 2023Angel$2.7B

Baichuan Intelligence Funding History

Baichuan Intelligence has raised a total of $1B across 3 funding rounds.

Baichuan Intelligence's first fundraising round was a $50M angel round in April 2023. The most recent completed round was a $691M Series A in July 2024.

Baichuan Intelligence funding rounds

Baichuan Intelligence funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2024Series ATencent; Shenzhen Capital Group; Alibaba Group$691M$2.8BBaichuan Intelligent Technology, founded in April 2023 by former Sogou CEO Wang Xiaochuan and ex-COO Ru Liyun, is a Beijing-based AI startup specializing in large language models and generative AI. Its flagship products include Baichuan-4, which outperformed OpenAI’s GPT-4 in Chinese language proficiency benchmarks, along with earlier models like Baichuan-7B, Baichuan-13B, Baichuan3, and the AI assistant Baixiaoying chatbot. The company has regulatory approval for its models in China and competes with rivals like Moonshot AI, Zhipu AI, Baidu’s Ernie bot, and international players. In July 2024, Baichuan raised approximately $690-691 million (5 billion yuan) in its Series A funding round, led by Alibaba, Tencent, and Xiaomi, with participation from state-backed funds including Beijing Artificial Intelligence Industry Investment Fund, Shanghai Artificial Intelligence Industry Equity Investment Fund, and Shenzhen Capital Group. Post-money valuation reached $2.8 billion (over 20 billion yuan), as reported across multiple sources covering the round. Baichuan plans a subsequent Series B at around $2.8 billion valuation, positioning Baichuan as China’s second most valuable AI startup behind Moonshot AI (valued at $3 billion). Alibaba has been a key backer, investing in top Chinese AI firms including Baichuan, Moonshot AI, Zhipu, and MiniMax. Prior to this round, Baichuan secured $50 million in seed funding and $300 million in an October 2023 round from Tencent, Alibaba, Shunwei Capital, and Xiaomi. In March 2025, the company restructured to focus on AI applications in healthcare.
Oct 2023Series AAlibaba Group (lead); Tencent (lead); Xiaomi (lead)$300M$1.3BBaichuan Intelligent Technology, founded in April 2023 by Wang Xiaochuan (former CEO of Sogou), is a Beijing-based AI startup developing generative AI and large language models, competing with players like OpenAI and Baidu. The company rapidly released multiple LLMs, including four open-source models downloaded over 6 million times and proprietary models Baichuan-53B and Baichuan2-53B. It became one of the first startups to receive Chinese regulatory approval for public LLM release in August 2023 and launched commercial API services. The core team comprises over 170 members from top firms like Google, Tencent, Baidu, and ByteDance, with high education levels. On October 17, 2023, Baichuan completed a Series A1 strategic financing round raising over $300 million led by Alibaba Group, Tencent, and Xiaomi, with additional investors including Shenzhen Capital Group. This followed a $50 million angel round, bringing total funding to $350 million and pushing the company's valuation over $1 billion, achieving unicorn status in just six months—the fastest for a Chinese startup. The post-money valuation reflects the rapid ascent fueled by high-profile tech giant backing. The funding supports Baichuan's expansion in enterprise AI services amid surging global and Chinese investments in generative AI. Baichuan positions itself as a leader in Chinese AI-as-a-service, facing competition from tech giants like Alibaba and Baidu developing internal AI, plus challenges from US chip export controls. Later rounds, such as a $691 million raise at $2.7 billion valuation, indicate continued growth, but details here focus on the specified October 2023 round.
Apr 2023AngelXiaochuan Wang (lead)$50M$2.7BBaichuan Intelligence is a Chinese artificial intelligence company founded in April 2023 by Wang Xiaochuan, the former CEO of Sogou. The company assembles a core team of AI experts from Google, Tencent, Baidu, Huawei, Microsoft, and ByteDance, and has released 12 large models including Baichuan-7B, Baichuan-13B, and Baichuan 4, along with its AI assistant Baixiaoying. The company is distinguished by its focus on medical and healthcare applications, claiming to have outperformed GPT-4 in medical evaluation tasks. In October 2023, Baichuan completed its Series A1 funding round, raising RMB 5 billion (USD 690 million) with significant participation from Alibaba, Tencent, Xiaomi, Beijing AI Industry Investment Fund, Shanghai AI Industry Investment Fund, and Shenzhen Capital Group. Following this round, the company's post-money valuation reached RMB 20 billion (USD 2.7 billion). The company has since expanded its healthcare focus, partnering with Beijing Children's Hospital to offer AI pediatrician services and planning similar deployments in other Beijing hospitals. As of early 2025, Wang Xiaochuan indicated the company maintains approximately 3 billion yuan in cash reserves and is considering an IPO plan for 2027.

Who has invested in Baichuan Intelligence?

5 investors have backed Baichuan Intelligence across its funding rounds, including Tencent, Alibaba Group, Shenzhen Capital Group, Xiaomi and Xiaochuan Wang.

Lead investors include Alibaba Group, Tencent, Xiaomi and Xiaochuan Wang.


Baichuan Intelligence Investors

Investors in Baichuan Intelligence by funding rounds participated
InvestorHQRoundsRoleFirst check
TencentChinaShenzhen2LeadOct 2023
Alibaba GroupChinaHangzhou2LeadOct 2023
XiaomiChinaBeijing1LeadOct 2023

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Investments by Baichuan Intelligence

Baichuan Intelligence has invested in 1 company to date.

Latest investment by Baichuan Intelligence was on December 5th 2025. Baichuan Intelligence invested in ONE2X in their Series A round.


Latest Investments by Baichuan Intelligence

ONE2X
Description
ONE2X is a Singapore-headquartered technology firm that conducts research and develops products centered on AI applications for video processing and generation.
HQ CountryChina
HQ City
-
Deal Date5 Dec 2025
RoundSeries A
Raisedundisclosed
InvestorsLongzhu Capital; UnityVC; Crystal Stream Capital; Lenovo Capital and Incubator Group (LCIG); Sequoia Capital; Chuan Wang
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Baichuan Intelligence Competitors

Baichuan Intelligence competitors include listed companies like Affle 3i and Ncino, and private ones like DuerOS, Terminus Technologies, Mianbi Smart and Sakana AI.

Public and private companies comparable to Baichuan Intelligence
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DuerOSChinaBeijingPrivate--$2.9B-
Terminus TechnologiesChinaBeijingPrivate--$2.9B-
Mianbi SmartChinaBeijingPrivate--$2.9B-
Sakana AIJapanTokyoPrivate--$2.6B-
Affle 3iIndiaIndiaPublicly listed$282M$67M$2.3B6.7x
NcinoUnited StatesUnited StatesPublicly listed$595M$65M$2.3B4.0x

Baichuan Intelligence Public Comps

Baichuan Intelligence is still privately-owned, but its public comps include Affle 3i, Ncino, Haizhi, C3.ai, Wenge AI, TRS Information Technology, PCITECH, Fractal Analytics, Presight AI and MiniMax Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Affle 3i$282M$67M7.4x6.7x31.3x29.5x
Ncino$595M$65M4.3x4.0x39.0x15.8x
Haizhi$93M($30M)21.5x16.3x(67.1x)(440.4x)
C3.ai$250M($484M)4.3x4.5x(2.2x)(6.2x)
Wenge AI$60M($20M)27.6x-(82.7x)-
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
PCITECH$1.5B$53M0.8x0.9x24.1x-
Fractal Analytics$344M$50M3.7x3.4x25.8x21.0x

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Common questions about Baichuan Intelligence

When was Baichuan Intelligence founded?Baichuan Intelligence was founded in 2023.
Where is Baichuan Intelligence headquartered?Baichuan Intelligence is headquartered in Beijing, China.
Is Baichuan Intelligence publicly listed?No, Baichuan Intelligence is a private, VC-backed company.
What is Baichuan Intelligence's valuation?Baichuan Intelligence was last valued at $2.8B in its Series A in July 2024.
How much funding has Baichuan Intelligence raised?Baichuan Intelligence has raised $1B across 3 funding rounds.
What was Baichuan Intelligence's last funding round?Baichuan Intelligence's last funding round was a $691M Series A in July 2024.
Who are Baichuan Intelligence's investors?Baichuan Intelligence's investors include Tencent, Alibaba Group, Xiaomi, Xiaochuan Wang and Shenzhen Capital Group.
Which companies are comparable to Baichuan Intelligence?Companies comparable to Baichuan Intelligence include DuerOS, Terminus Technologies, Mianbi Smart, Sakana AI, Affle 3i and Ncino.
How many companies has Baichuan Intelligence invested in?Baichuan Intelligence has invested in 1 company, including ONE2X.
What was Baichuan Intelligence's last investment?In December 2025, Baichuan Intelligence invested in ONE2X's Series A alongside Longzhu Capital, UnityVC, Crystal Stream Capital and 3 other investors.

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