Shanghai AI Lab Bragg Technology completes first funding round, raising several hundred million dollars in total

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▤ Summary

Bragg Technology has completed its first funding round, raising several hundred million dollars. The company was founded by Lin Junyang, who previously led Alibaba's Qwen large model efforts. Its work focuses on world models and embodied intelligence. The round reportedly values the company at about $2 billion and includes investment from GaoRong Capital, Sequoia China, and Tencent. This signals continued investor interest in advanced AI infrastructure and model development.

$ Funding

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Amount None Total raised
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Date June 16, 2026 Announcement date
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Investors Banyan Capital, Jinhuitong Investment Lead investors
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Company - Funded company

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