According to news on April 7, Face-Wall Intelligence has recently completed a new round of financing of hundreds of millions of yuan, jointly led by Shenzhen Innovation Investment Group (Shenzhen Venture Capital) and Huichuan Industrial Investment, followed by Daohe Long-term Investment, Guotai Junan Innovation Investment, Wu Yuefeng Science and Technology Innovation, etc.
On February 28, Face Wall Intelligence completed its first round of financing of several hundred million yuan after the Spring Festival of the Year of the Horse, led by China Telecom, followed by CITIC Goldstone and CITIC Private Equity.
Based on this calculation, Wall-face Intelligence’s financing scale in the first quarter of this year is expected to exceed 1 billion yuan.
In the past year, Wall-facing Intelligence has completed three rounds of financing, attracting bets from many well-known investment institutions such as Jingguorui, Moutai Fund, Loongson Ventures, and CICC Porsche.
Behind the intensive financing rhythm is the capital market’s continued recognition of the “end-to-side large model” direction, which is also a concentrated expression of the dual-line advancement of technology accumulation and commercial implementation of wall-facing intelligence on this track.
After the completion of this financing, Wall-Facing Intelligence ranks among the unicorns of large-scale base models.
Li Dahai, co-founder and CEO of Wall-Facing Intelligence, said that AGI’s long-distance race has entered the middle stage.
Continuously improving the density of intelligence under the constraints of computing power and truly implementing it in the physical world is the direction that Facewall has always adhered to.
Facewall will continue to use the law of density as its first principle, insist on open source, and allow every terminal to have the ability to access AGI.
Huichuan Industrial Investment, which participated in the financing this time, is CVC, a subsidiary of Huichuan Technology (300124), a leading company in the domestic industrial automation and robotics fields.
Regarding this move, the person in charge of Huichuan Industrial Investment said that among the thousands of industries covered by Huichuan, there are a large number of scenarios that can be changed and reconstructed by large model technology.
Wall-Facing Intelligence’s MiniCPM series models are highly compatible with Inovance’s plans in the AI field in terms of model capabilities, size, chip ecology, and engineering experience. Its path of continuously promoting the implementation of large models in the fields of automobiles, embodiments, and intelligent hardware with the “density law” as its core is also highly consistent with Inovance’s industrial layout.
In the future, it is expected that the model capabilities of Face the Wall will be deeply integrated into Innovator’s general automation, embodied and other product lines, and practical cooperation will be formed with Innovator’s invested companies in fields such as high-reliability models and ciphertext calculations.
In terms of hardware terminal implementation, Mianbi currently has in-depth cooperation with well-known car companies such as Geely, Volkswagen, Changan, and GAC.
In addition, on February 4 this year, Face Wall Intelligence released the MiniCPM-o 4.5 full-duplex full-modal model, which achieves human-like native interactive perception with a streamlined size of 9B.
In the field of embodied robots, when the industry generally focuses on motion control and VLA models, MiniCPM-o 4.5 is expected to complement the “brain” interaction capabilities of embodied robots, allowing robots to have the ability to perceive the environment in real time and make active decisions, significantly improving the naturalness of communication with humans.
At that time, Wall-Facing Intelligence also disclosed relevant plans for its first AI hardware product, Pinea Pi.
It is reported that Pinecone Pi is an AI native intelligent development board for end-side scenarios, used for the development and verification of end-side multi-modal models and intelligent hardware applications. It is expected to be officially mass-produced and launched in the middle of the year.
As we enter 2026, capital actions by large model companies will become increasingly frequent.
In addition to wall-facing intelligence, news of the listing of Step Star and Dark Side of the Moon have recently been announced.
Recently, the corporate name of Shanghai Step Star Intelligent Technology Co., Ltd. was changed to Shanghai Step Star Intelligent Technology Co., Ltd., and the company type was changed to a joint-stock company (non-listed, natural person investment or holding).
It is reported that Step Star plans to submit its statement on the Hong Kong stock market before June 30 this year. The expected cornerstone price is around US$10 billion and the listing is expected to be completed by the end of this year. However, Step Star has not responded yet.
Regarding Dark Side of the Moon, there have been recent media reports that it is considering an IPO in Hong Kong. As of now, the company has not publicly responded to the news.
