Vtrip Technology Completes Hundreds of Millions of Yuan Series A Financing, Accelerating the Application of VtripGPT Large Model

Tech 2024-10-30 09:40:59 Source: Network

Vtrip Technology Completes Hundreds of Millions of Yuan Series A Financing, Accelerating the Application of VtripGPT Large ModelOctober 30, 2024: Vtrip Technology officially announced the completion of its Series A financing, with investors including Shenzhen Daily One Fund, the Guangdong-Hong Kong-Macao Greater Bay Area Cultural Industry Investment Fund under the Guangzhou Urban Investment Group, Gaorong Capital, Youshan Investment, Zhong Hu Yakang, an investment platform under Yakang Holdings, and other well-known institutions. The total financing amount exceeds hundreds of millions of yuan

Vtrip Technology Completes Hundreds of Millions of Yuan Series A Financing, Accelerating the Application of VtripGPT Large Model

October 30, 2024: Vtrip Technology officially announced the completion of its Series A financing, with investors including Shenzhen Daily One Fund, the Guangdong-Hong Kong-Macao Greater Bay Area Cultural Industry Investment Fund under the Guangzhou Urban Investment Group, Gaorong Capital, Youshan Investment, Zhong Hu Yakang, an investment platform under Yakang Holdings, and other well-known institutions. The total financing amount exceeds hundreds of millions of yuan.

Founded in November 2021 by Li Shaohua, former vice president of Alibaba and founder of Fliggy, and other entrepreneurs, Vtrip Technology focuses on building an "AI-driven new generation travel platform." In May 2023, the company launched VtripGPT, the first travel-focused large language model in China. This March, VtripGPT became the first large language model in the travel industry to be approved and registered by the National Cyberspace Administration of China and other relevant authorities.

Li Shaohua, co-founder and CEO of Vtrip Technology, said: "The completion of Series A financing is a very important milestone for Vtrip Technology. We will continue to accelerate the full-scale research and development of the VtripGPT travel large language model and promote its large-scale market application in core travel industry scenarios and high-quality tourist destinations."

The application of AI technology is a typical representative of new-quality productivity in the travel industry. Focusing on this high-end track, Vtrip Technology has assembled an "AI+tourism" top-notch entrepreneurial team. Dr. Hui Pengrui, co-founder and CTO, previously served as a senior artificial intelligence expert at Alibaba, constructing the previous generation of big data and AI application systems for Fliggy and pioneering innovative product applications such as travel "credit stay."

Vtrip's core team also includes senior business and technical experts from top internet companies. The company has completed its overseas structure and team layout by the end of 2023.

Vtrip Technology's Development History:

Vtrip Technology Completes Hundreds of Millions of Yuan Series A Financing, Accelerating the Application of VtripGPT Large Model

November 2021: Vtrip Technology was officially established, jointly initiated by Li Shaohua, former vice president of Alibaba and founder of Fliggy, and other entrepreneurs.

Early 2022: Secured hundreds of millions of yuan in angel funding from venture capital firms including Gaorong Capital and Xianfeng Capital.

May 2023: Launched VtripGPT, the first travel-focused large language model in China.

End of 2023: Completed overseas structure and team layout.

March 2024: VtripGPT large language model became the first in the travel industry to be approved and registered by the National Cyberspace Administration of China and other relevant authorities.

October 2024: Completed Series A financing, with investors including Shenzhen Daily One Fund, the Guangdong-Hong Kong-Macao Greater Bay Area Cultural Industry Investment Fund under the Guangzhou Urban Investment Group, Gaorong Capital, Youshan Investment, Zhong Hu Yakang, an investment platform under Yakang Holdings, and other well-known institutions. The total financing amount exceeds hundreds of millions of yuan.

Vtrip Technology's Future Development Direction:

Continue to accelerate the full-scale research and development of the VtripGPT travel large language model.

Promote its large-scale market application in core travel industry scenarios and high-quality tourist destinations.

Build an "AI+tourism" top-notch entrepreneurial team, attracting more senior business and technical experts from top internet companies.

Complete overseas structure and team layout, expanding into international markets.

Vtrip Technology's Competitive Advantages:

A strong core team, jointly initiated by Li Shaohua, former vice president of Alibaba and founder of Fliggy, and other entrepreneurs.

Possesses VtripGPT, the first travel-focused large language model in China, which has been approved and registered by the National Cyberspace Administration of China and other relevant authorities.

Has secured investment from well-known institutions, providing strong financial support for future development.

The company has completed its overseas structure and team layout, with the potential to expand into international markets.

The success of Vtrip Technology indicates that AI technology is profoundly transforming the travel industry. In the future, more AI-based travel products and services will emerge, providing users with a more convenient, intelligent, and efficient travel experience.

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