Generative AI Startup nyonic Raises Funds from Lenovo Capital to power the intelligent transformation of enterprises

Recently, nyonic announced the completion of a tens of millions of dollars first round financing, with exclusive investment from Lenovo Capital. Nyonic focuses on foundation, aiming to build customized and specialized industry models for enterprises. The founding team consists of entrepreneurs, researchers, and engineers who have been deeply involved in the field of artificial intelligence (AI) for many years. It includes a member of the European Academy of Sciences, a core member of OpenAI GPT, and the former Senior Vice President and Global Head of AI at SAP, among others.

Nyonic is committed to creating state-of-the-art (SOTA) foundation models and developing generative AI base models specifically tailored to meet the needs of industries. It is worth noting that the nyonic team possesses long-term accumulation in the field of multilingualism. Their models will demonstrate outstanding capabilities in multilingualism and reflecting multicultural values. In contrast, the United States is largely an economy dominated by a single language, while most regions in the world use multiple languages. In the future, nyonic’s multilingual foundation models for European and Asian market and the ability to train such models will be applicable to other multilingual markets.

Nyonic has already started training its first large language model, which is expected to be released in early 2024. Leveraging its robust team advantage, nyonic is poised to secure a prominent position in the domain of model training.

Moving forward, its vision is to empower countless AI application developers and industries by spearheading the advancement of AI technology. Nyonic strives to establish a comprehensive ecosystem centered around its foundational models, aspiring to emerge as a global leader in foundation models and AGI. Nyonic aims to establish an ecosystem centered around its foundation models and grow into a global leader in the AI field.

Regarding this financing, Mr. Zhiqiang He, Senior Vice President of Lenovo Group and President of Lenovo Capital, stated, "Although AI has proven its tremendous industrial potential, there is still a significant challenge ahead in terms of how to integrate it with scenarios and establish good connections with the application layer. This involves enabling productivity revolution for the business side while forming a closed-loop production and sales cycle. In our view, nyonic is addressing this issue: its innovative collaboration model and pre-trained foundation models achieve product standardization, while application layer companies can perform further customization. This bi-directional approach contributes to the rapid prosperity of the application ecosystem. Lenovo Capital, through CVC 2.0 ecosystem, promotes industry growth and forms a mutually empowering pattern with invested companies. With a vast application market, we hope to collaborate with nyonic to jointly promote the industrialization process of large-scale models."