Financing History of PlusAI

In October 2016, the angel round raised US$10 million with a valuation of US$50 million. Investors included GSR Ventures, SAIC Capital, China Growth Capital, Lightspeed Venture Partners, and Mayfield. In June 2018, the A round raised US$55 million with a valuation of US$300 million. Investors included GSR Ventures and Manbang Group. In November 2018, the A+ round raised US$30 million with a valuation of US$500 million. Investors included Sequoia Capital China, Manbang Group, and GSR Ventures. In February 2021, the B round raised US$200 million with a valuation of US$1.8 billion. Investors included Guotai Junan International, CPE, Wanxiang Auto, and Manbang Group. In April 2021, the C round raised US$220 million with a valuation of US$2 billion. Investors included FountainVest Partners, Kaiming Investment, SAIC Capital, Sequoia China, Manbang Group, Quanta Computer, Zhuoyi Capital, and Millennium Capital.