There's a case worth watching. An AI company launched its product in March this year, starting in Wuhan, with two founders both having mainland backgrounds. ZhenFund invested $14 million in the seed round, and during the angel round, the valuation was increased to $50 million. It sounds impressive, but this is just the beginning.



Nine months after the product went live, Meta directly spent billions of dollars to acquire the company. From fundraising to acquisition, the entire process was incredibly fast. What does this reflect? How fierce is the competition in the AI track, how strong is the industry's demand for technology, and how much faster is this industry changing compared to our expectations? A startup that was established not long ago can become a merger and acquisition target for a major tech company in such a short period, indicating that the innovation truly hit the market demand.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
TopBuyerBottomSellervip
· 3h ago
Bought by Meta after nine months? This pace is really outrageous, I feel like I haven't even reacted yet and it's already history.
View OriginalReply0
RumbleValidatorvip
· 4h ago
9 months from zero to being acquired by Meta? What does that indicate... True innovation can indeed cut through the noise, I have to admit that. But the question is, how can the funding data be verified? And what about the details of the $50 million valuation? I haven't seen the complete on-chain records.
View OriginalReply0
MetaDreamervip
· 4h ago
In just 9 months, from obscurity to being acquired by Meta—it's truly incredible... This speed left me speechless.
View OriginalReply0
BackrowObservervip
· 4h ago
9 months from zero to being acquired by Meta, this speed is indeed incredible --- Starting with an AI team in Wuhan, Zhenge invested a whopping 50 million... This is the feeling of big companies competing for talent --- Wait, a billion-dollar acquisition of a company that's only 9 months old? What kind of black technology is this? --- With such financing and mergers, and still being acquired, the founder must be laughing all the way to the bank haha --- Meta's eagerness to make a move shows that AI is truly reaching the sky --- In an era where big companies compete on technology, small teams can take off as long as their ideas align --- From seed round to acquisition in no time, when will the domestic scene be this fast? --- Zhenge's investment vision is good, but in the end, they were still eaten by American giants --- Only 9 months to attract Meta, it must be a highly innovative point
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)