88Z AI, 7 April — ModelBest has completed a new round of financing worth hundreds of millions of RMB, co-led by Shenzhen Capital Group and Huichuan Industrial Investment. Recognized as a 2026 Chinese Unicorn, the company focuses on on-device large models. Its MiniCPM series has exceeded 24 million downloads and achieved scaled deployment in automotive, smartphone, and smart home sectors.
At a glance
- Secured hundreds of millions in RMB led by SCGC and Huichuan, named 2026 Chinese Unicorn
- MiniCPM downloads exceed 24 million, with scaled deployment in auto and consumer electronics
The update
ModelBest recently completed a new round of financing amounting to hundreds of millions of RMB, with Shenzhen Capital Group and Huichuan Industrial Investment serving as co-lead investors. Due to its outstanding performance in artificial intelligence, the company was recognized as a 2026 Chinese Unicorn. ModelBest remains dedicated to the research and application of on-device large models, adhering to the "Density Law" to enhance model efficiency and performance. Currently, global downloads of its core MiniCPM series have surpassed 24 million. The technology has achieved scaled deployment across various industries, including partnerships with automotive brands such as Changan Mazda and Geely Galaxy. It is also widely applied in smartphones and smart home devices, demonstrating strong commercial capabilities and market recognition.
Sources & editorial note
This article is an AI-assisted synthesis by 88Z AI based on the public sources below. Product claims and availability are attributed to their publishers. It does not represent independent testing or first-hand reporting.
- 面壁智能Source published
Source dates above refer to the original announcements; the date under the headline is this article’s publication on 88Z AI.