Lin Junyang Found AI Firm Yuyong Technology at $2 Billion Angel Valuation
Lin Junyang announced on August 12 the founding of Yuyong Technology in Shanghai, an AI company developing next-generation agents spanning digital and physical worlds. The angel round, valued at $2 billion, was co-led by Gaorong Ventures and Sequoia China, with participation from Tencent and the Shanghai Future Industry Fund. Proceeds will fund team building and early research and development.
Lin Junyang announced on August 12 the establishment of a new company, Yuyong Technology, in Shanghai, focusing on next-generation agents that operate across both digital and physical worlds. The company has completed its angel round of financing at a valuation of $2 billion, with the funding details disclosed concurrently with the company's founding announcement.
The round was co-led by Gaorong Ventures and Sequoia China, with support from Tencent and the Shanghai Future Industry Fund. Yuyong Technology's business focuses on agent technology designed to bridge digital and physical scenarios. The capital raised will be allocated to team building and initial technology research and development.
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