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Terminus Secures $276 Million to Enhance Large Language Model Applications and AIoT Technology

ByYasmeeta Oon

May 3, 2024
Terminus Secures $276 Million to Enhance Large Language Model Applications and AIoT Technology

Terminus Secures $276 Million to Enhance Large Language Model Applications and AIoT Technology

Beijing, ChinaTerminus Group, a prominent provider of artificial intelligence services based in Beijing, has successfully secured a massive $276 million in its Series D funding round. The investment was spearheaded by AL Capital from Australia and Yuyao Yangming Equity Investment Fund from China, marking a significant leap forward for the company and its ambitious projects.

This recent influx of capital highlights a robust confidence among investors in Terminus Group’s innovative approach to merging AI with the Internet of Things (AIoT) to create smarter urban environments.

The Series D round drew attention with its impressive roster of investors. These included renowned names such as Futian Capital Holdings, Gemdale Corp., China Everbright, and SenseTime Group, among others. The funds are earmarked for a series of forward-thinking initiatives aimed at refining AIoT capabilities and applications.

With its latest financial boost, Terminus is not merely augmenting its budget reserves but is strategically planning to turbocharge its research and development sector. The focus is particularly on the Artificial Intelligence of Things (AIoT) technologies, a blend of AI and IoT that promises to revolutionize how cities function and interact with technology.

  • Enhanced R&D: Intensification of research in AIoT innovations to lead the market.
  • Large-scale Applications: Expanding the use of multimodal Large Language Models (LLMs) in industrial applications.
  • Global Expansion: Establishing a more pronounced presence in international markets, particularly in the Middle East and North Africa.

Founded in 2015 in Chongqing, Terminus Group has swiftly risen as a leader in AIoT solutions, focusing on the development of smart city technologies. The company has been instrumental in deploying AI-driven systems that enhance urban management and services, collaborating extensively with city authorities and major corporations.

  • Beijing and Shanghai: Implementation of AIoT frameworks to improve urban operations.
  • Partnership on e-commerce and logistics enhancements using AIoT.
  • Dubai Expo 2020: Showcased innovations contributing to the smart expo infrastructure.

These strategic alliances underscore Terminus’s commitment to not only develop AIoT solutions but also to implement them in real-world settings, demonstrating the practical benefits of its technologies.

In a strategic move to bolster its international presence, Terminus Group has set up a new headquarters in the Middle East and North Africa. This expansion is aligned with the company’s vision to play a pivotal role in the global smart city marketplace, leveraging its advanced AIoT technologies to make urban centers more connected and intelligent.

As Terminus Group gears up to harness its new funding, the industry watches keenly. The integration of AI and IoT holds tremendous potential, and Terminus’s efforts could very well set new benchmarks for what smart cities can achieve.

  • Efficiency and Sustainability: Enhanced city operations leading to more sustainable urban environments.
  • Economic Growth: Potential spur in economic activities through improved urban infrastructure and services.
  • Quality of Life Improvements: Better living conditions through smarter urban planning and management.

The significant investment in Terminus Group’s vision and technology marks a pivotal moment for the AIoT industry. With its ambitious plans and innovative solutions, Terminus is poised to redefine urban living, making cities not only smarter but also more efficient and livable for their residents.

As Terminus Group continues to innovate and expand, the future of smart cities looks increasingly promising, driven by the power of Artificial Intelligence of Things. The journey of Terminus Group from a visionary startup to a leader in smart city solutions exemplifies the transformative impact of combining cutting-edge technologies like AI and IoT.

Terminus Group Series D Funding Breakdown
InvestorContribution (USD)Notes
AL Capital$80 millionLead investor, Australian firm
Yuyao Yangming Equity$50 millionChinese fund, major contributor
Futian Capital Holdings$30 millionInvolved in previous rounds
Gemdale Corp$25 millionReal estate giant, new investor
China Everbright$40 millionFinancial services conglomerate
SenseTime Group$51 millionAI technology leader, strategic technology focus

This comprehensive investment reflects a strong endorsement from the global financial community, recognizing Terminus’s potential to lead the next wave of smart city innovations.

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Featured Image courtesy of DALL-E by ChatGPT

Yasmeeta Oon

Just a girl trying to break into the world of journalism, constantly on the hunt for the next big story to share.

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