Recently, China's leading AIGC visual multi-modal algorithm developer AISphere Technology Co., LTD. announced the completion of 100 million yuan A1 round financing. This round of financing is led by the domestic first-line investment institution Dachen Financial Intelligence, and Light Source Capital serves as the exclusive financial adviser. The success of this financing marks that AISphere Technology's leading position in the field of AI video large models and applications has been further recognized by the market, and will strongly promote the global layout and commercialization of its products.
Since its founding in 2023, ESch Technology has been focused on exploring the potential of AI vision generation. Relying on deep academic background and industry experience, the company's research and development team has accumulated rich technical reserves in the fields of computer vision, machine learning, computer engineering and algorithm design. The large AI video model and application created by it have achieved the world's leading generation effect in multiple core dimensions, such as accuracy and consistency, in a very short time.
With the overseas version of the product PixVerse officially launched in January 2024, and the domestic version (EShi video large model) has begun private testing, EShi Technology is accelerating the commercialization process of its AI video generation technology. The company believes that the current video industry has reached a global scale of one trillion, AI video generation technology is expected to achieve commercial landing in many fields, leading a wave of application change.
Wang Changhu, founder of AISphere Technology, as a senior expert in the field of computer vision and artificial intelligence, has overcome a number of world-class problems in the field of vision in the ByteDance vision technology team, and successfully supported the construction and development of video products such as Tiktok. Wang Changhu hopes to lead the team to empower different industries and scenarios through AIGC technology, opening a new chapter in visual creativity and intelligent generation, so that users' imagination can be expanded and potential can be released.
The completion of this round of financing has injected strong impetus into the future development of AISphere Technology. The company will focus on manpower and resources, and strive to catch up with the industry leaders within 3-6 months to further consolidate and expand its market position in the field of AI video large models and applications.
In terms of the development and application research of large visual multimodal generative model, ESCH Technology has possessed the ability of data efficient mining that has passed the test of complex business, the world's leading multi-modal representation learning and alignment technology, and the experience of building a complete large-scale training system. These technical advantages make AISphere Technology have strong competitiveness and broad market prospects in the field of AI video generation.
In addition to technical advantages, AISphere Technology also focuses on in-depth cooperation with partners to jointly promote the popularity of AI video generation technology. Through close cooperation with enterprises in various industries, AISphere Technology will continue to expand the application scenarios of AI video generation technology, meet the needs of different fields, and promote the innovative development of the entire video industry.
In addition, AISphere Technology also actively responds to the national policy call on promoting the development of artificial intelligence industry, and is committed to applying AI video generation technology to more fields, contributing to the national economic development and social progress.
In the future, AISphere Technology will continue to adhere to the concept of innovation, openness and cooperation, constantly improve its technical strength and market competitiveness, and provide more high-quality and efficient AI video generation services for global users. At the same time, the company will also actively expand the international market, strengthen exchanges and cooperation with international counterparts, and jointly promote the development and progress of global AI video generation technology.
With the continuous progress of AI technology and the continuous expansion of application scenarios, AI video generation technology is gradually becoming an important engine for the development of the video industry. As a leader in this field, AISphere Technology is leading the innovative development of AI video generation technology with its leading technology and excellent products, bringing a more colorful visual experience to users around the world.