Parametrix.ai Completes Round B of Financing, Led By Sequoia China

Parametrix
(Source: Parametrix.ai)

Chinese AI company Parametrix.ai announced it had completed round-B financing totaling $100 million on Tuesday, led by Sequoia China and followed by Parametrix.ai’s existing shareholders, 5Y Capital and Gaorong Capital. At present, the company’s valuation has reached the benchmark to qualify as a unicorn firm.

Parametrix.ai was established in early 2019 and is committed to changing the production model of game content through AI technology.

Liu Yongsheng, the founder of Parametrix.ai, is the former general manager of Tencent AI Lab and a T4 technical expert. As early as 2015, Parametrix.ai’s team had begun to explore game AI, creating the AI “Jueyi” for Go and the AI “Juewu” for the game Honor of Kings.

At present, the AI bot of Parametrix.ai has peak online usage of nearly one million every day, serving several hundred million users in more than 50 countries around the world, and has been operating stably for more than one year as a leading product that has tens of millions of daily active user.

Recently, Parametrix.ai has also achieved the first large-scale commercialization of 3D FPS in the industry, providing online services from 400,000 AI bots. In many more scenarios, the AI bot has also created great commercial value. According to Parametrix.ai, it has received positive customer feedback, with a customer retention rate of 100% and an annual repurchase rate of 120%.

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As its cooperation with other companies deepens, Parametrix.ai is also exerting the potential of the AI bot: AI bots assisted by NLP technology interact with the users, bringing a new interactive paradigm. A large number of “AI actors” form a vivid AI world through dynamic interactions, and various AI bots also bring new content production methods to products.

After this round of financing, Parametrix.ai will continue to increase its investment in cutting-edge technology, foreign cooperation and innovative products according to its L1-L4 evolution route, continuing to create a virtual world explored by both human beings and AI.