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Artificial intelligence company Clipto.AI announced the completion of a new Pre-A++ funding round, with the company's valuation exceeding $250 million after the funding. This round was co-led by EnvisionX Capital and Palm Drive Capital in Silicon Valley, attracting additional investments from existing shareholders and renowned investors including Sequoia China (HSG) and Hillhouse Capital (GL Ventures), as well as participants such as Hans Tung, Lu Zhang, and 522Ventures.
Clipto.AI stated that the funds raised from this round will be primarily used to strengthen R&D efforts in the company's edge-side multimodal AI models and system architecture, further driving the iteration and upgrading of its AI assistant products. The company plans to use these funds to accelerate technological innovation and improve the level of product intelligence to meet the growing market demand.