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Star unicorn AI programming company Xinyyima completed 2 rounds of financing and its valuation has reached US$80 million

Author: LoRA Time: 14 Jan 2025 490

At the beginning of 2025, the field of AI programming has once again become the focus of investors' attention. A start-up company called Xinyan Yima recently announced that it has completed two rounds of financing, attracting the favor of many US dollar funds. The company was founded by Ming Chaoping, the former overseas product manager of Dark Side of the Moon, and its current valuation has reached US$80 million. As the AI ​​application market continues to expand, Xinyan Yimai has quickly attracted widespread attention both inside and outside the industry with its innovations in the field of programming assistance.

Ming Chaoping's background is remarkable. He once served as the product manager of ByteDance's Jianying APP, and was later responsible for the product development and operations of Noisee in Dark Side of the Moon. With his rich industry experience, Ming Chaoping has conducted in-depth explorations in the application of AI technology, laying a solid foundation for the creation of Xinyan Yima. The core business of New Word Code is AI Coding application, which aims to improve programming efficiency, reduce errors, and optimize code quality through artificial intelligence technology, directly benchmarking the American intelligent code generation product Cursor.

money capital financing

In terms of investment, Xinyan Yima's financiers are all well-known US dollar funds, such as Wuyuan Capital, Gaorong Capital, Zhen Fund, Hillhouse Venture Capital and IDG Capital. The participation of these investors not only enhances the market recognition of the project, but also reflects the fierce competition in the current AI Coding field. Industry expert Wang Sheng said that as the market demand for AI programming applications continues to increase, many top founders have chosen this direction to start their own businesses, further promoting the popularity of the project.

As an emerging field, AI Coding has broad prospects for future development. Industry observers point out that the introduction of AI technology will help programmers improve their work efficiency, and it is expected that more startups will emerge in this track. However, competition in the domestic market is also intensifying, and Internet giants are actively deploying in this field, which has brought considerable challenges to start-up companies.

The rise of Xinyinma not only demonstrates the application potential of AI technology in the field of programming, but also reflects investors' optimism for this innovative business model. As technology continues to evolve, AI programming will be able to achieve a higher level of intelligence in the future and help revolutionize software development.

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