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- Pragmatik Labs
Pragmatik Labs Valuation, Funding & Investors
Pragmatik Labs is valued at $2B as of June 2026.
Last Pragmatik Labs valuation
$2B
Undisclosed stage · Jun 2026
Last Pragmatik Labs funding round
$220M
Undisclosed stage · Jun 2026
Cumulative funding Pragmatik Labs raised
$220M
across 1 funding round
Key investors in Pragmatik Labs
HSG
Tencent
Gaorong Capital
HongShan
Shanghai Future Industry Fund
Pragmatik Labs Overview
About Pragmatik Labs
Pragmatik Labs is a developer of digital agents for knowledge work and physical agents that operate in real environments through reasoning, tool use, feedback adaptation, and coordinated action.
Founded
2026
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$2B (Jun 2026)
Pragmatik Labs Valuation
Pragmatik Labs is currently valued at $2B, based on its undisclosed-stage round in June 2026.
The $220M round was led by Gaorong Capital, HSG and HongShan, with participation from Tencent and Shanghai Future Industry Fund.
Pragmatik Labs valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2026 | Undisclosed stage | $2B |
Pragmatik Labs Funding History
Pragmatik Labs has raised a total of $220M across 1 funding round.
Pragmatik Labs funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Undisclosed stage | Gaorong Capital (lead); HSG (lead); HongShan (lead); Tencent; Shanghai Future Industry Fund | $220M | $2B | Tencent backed Junyang Lin’s new AI lab in its first financing round, with Tencent contributing USD 20 million. The round was reported to total several hundred million dollars and value the company at about USD 2 billion post-money, with Gaorong Capital and Sequoia China each reportedly investing USD 100 million as lead investors. The company reportedly began preparing for a subsequent fundraising round shortly after closing this one, reflecting strong investor interest and ambitious expansion plans. Lin Junyang is the former head of Alibaba’s Qwen large-model effort. The new lab was described as an AI startup focused on foundation-model development, and investors cited in reports included Tencent, Gaorong Capital, and Sequoia China. Reported financing details indicate a large, early-stage AI infrastructure and model-building effort, but no revenue or EBITDA figures were disclosed. The company was reported to have attracted several hires with backgrounds from ByteDance, Tencent, and overseas teams, suggesting an effort to assemble a senior technical team quickly. Public reports also indicated the lab was seeking substantial compute and capital to support expansion, which is consistent with the scale of the reported funding round and valuation. |
Who has invested in Pragmatik Labs?
5 investors have backed Pragmatik Labs across its funding rounds, including HSG, Tencent, Gaorong Capital, HongShan and Shanghai Future Industry Fund.
Lead investors include Gaorong Capital, HSG and HongShan.
Pragmatik Labs Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialPragmatik Labs Competitors
Pragmatik Labs competitors include listed companies like C3.ai, Haizhi and TRS Information Technology, and private ones like Xiaoice, Turing and H2O.ai.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $15M | - | $2B | - | ||
| Publicly listed | $250M | ($484M) | $1.9B | 5.2x | ||
| Private | $300M | - | $2.2B | 7.3x | ||
| Publicly listed | $93M | ($30M) | $1.8B | 12.1x | ||
| Publicly listed | $77M | ($20M) | $1.7B | 20.3x | ||
| Private | - | - | $1.7B | - |
Pragmatik Labs Public Comps
Pragmatik Labs is still privately-owned, but its public comps include Infleqtion, SoundHound, C3.ai, Haizhi, TRS Information Technology, Ncino, PCITECH, Affle 3i, Fractal Analytics and Shenzhen Ysstech Info.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $29M | ($52M) | 53.4x | 35.6x | (29.5x) | (29.6x) | |||
| $169M | $19M | 10.7x | 7.6x | 97.2x | (24.6x) | |||
| $250M | ($484M) | 4.9x | 5.2x | (2.5x) | (7.5x) | |||
| $93M | ($30M) | 17.3x | 12.1x | (54.1x) | (54.4x) | |||
| $77M | ($20M) | 19.8x | 20.3x | (75.2x) | 493.0x | |||
| $595M | $65M | 4.5x | 4.2x | 41.0x | 16.0x | |||
| $1.5B | $53M | 0.8x | 0.9x | 24.2x | - | |||
| $288M | $68M | 7.6x | 6.7x | 32.0x | 29.5x | |||
This data is available for Pro users. Sign up to see all Pragmatik Labs competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Pragmatik Labs
| When was Pragmatik Labs founded? | Pragmatik Labs was founded in 2026. |
| Where is Pragmatik Labs headquartered? | Pragmatik Labs is headquartered in China. |
| Is Pragmatik Labs publicly listed? | No, Pragmatik Labs is a private, VC-backed company. |
| What is Pragmatik Labs' valuation? | Pragmatik Labs was last valued at $2B in its undisclosed-stage round in June 2026. |
| How much funding has Pragmatik Labs raised? | Pragmatik Labs has raised $220M across 1 funding round. |
| What was Pragmatik Labs' last funding round? | Pragmatik Labs' last funding round was a $220M undisclosed-stage round in June 2026, led by Gaorong Capital, HSG and HongShan. |
| Who are Pragmatik Labs' investors? | Pragmatik Labs' investors include Gaorong Capital, Tencent, Shanghai Future Industry Fund, HSG and HongShan. |
| Which companies are comparable to Pragmatik Labs? | Companies comparable to Pragmatik Labs include Xiaoice, C3.ai, Turing, Haizhi, TRS Information Technology and H2O.ai. |
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