Meta Tower Technology Completes New Round of Financing Led by Ant Group

TapTechNews August 9th news, according to LatePost report, Meta Tower Technology has recently completed a new round of financing of over 100 million RMB, led by Ant Group and followed by Lightspeed China Partners. The post-round valuation reached 150 million US dollars (TapTechNews note: currently about 1.077 billion RMB).

It is said that companies like Baidu and Tencent also had contacts with Meta Tower during this round of financing, and finally Ant Group made a deal with Meta Tower. Since last year, Ant Group has invested in at least 6 companies in the AI field, including large model companies like Zhipu AI and Dark Side of the Moon, video generation companies like Aishi Technology and Shengshu Technology, and AI chip company Moxin and this time's Meta Tower.

According to the introduction on Meta Tower's official website, Shanghai Meta Tower Network Technology Co., Ltd. was established in April 2018, focusing on the field of artificial intelligence and has already had tens of millions of users. Meta Tower has products such as legal AI translation Meta Tower Translation, error correction and proofreading Meta Tower Writing Cat, and article generation Quantum Sketch.

In March this year, Meta Tower's AI search product Meta Tower AI Search went online, and the website traffic exceeded 7 million times in that month. Meta Tower AI Search promises no ads, and currently there is no paid version.