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AI IntelligenceAug 12, 2026Primary Market
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Pragmatik Labs · $220M · Angel

Former Qwen technical lead Lin Junyang launched Pragmatik Labs with a $2 billion angel-round valuation, raising $100 million each from Gaorong and HongShan plus $20 million from Tencent, and pivoting from foundation models to agents.

Data Cube AI EditorialSource: pandaily.com
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Former Qwen technical lead Lin Junyang launched Pragmatik Labs with a $2 billion angel-round valuation, raising $100 million each from Gaorong and HongShan plus $20 million from Tencent, and pivoting from foundation models to agents.