Former Tongyi Qianwen Leader Lin Junyang Officially Launches Startup Pragmatik Labs Secures Hundreds of Millions in Funding with a Valuation of 2 Billion

Lin Junyang, former leader of Alibaba's Tongyi Qianwen, established the AI lab Pragmatik Labs (Pragmatic Technology) in Shanghai, focusing on developing general intelligent agents that bridge the digital and physical worlds, proposing the core concept of "Agents for Digital and Physical Worlds." The company secured its first round of funding through joint investments from GaoRong Capital and Sequoia China.