EVOKEN Technology completes nearly $300 million Series B+ funding round

EVOKEN Technology has completed a nearly $300 million Series B+ funding round, valuing the company at over $2 billion post-money. The round was co-led by Granite Asia and Shunwei Capital, with continued investment from existing shareholders including Gaorong Capital and Ant Group. EVOKEN's product portfolio covers three major platforms: LibLibAI, LibTV, and Xingliu. LibTV, its AI video platform, saw revenue increase more than 13 times in just two months after its launch, and the group's overall revenue in May increased by over 3000% year-on-year. The funds raised will be used to increase R&D investment and expand into global markets.