Core Insights - The company, Mianbi Intelligent, has completed a new round of financing amounting to several hundred million yuan, led by Hongtai Fund, Guozhong Capital, Qingkong Jinxin, and Moutai Fund, marking it as one of the fastest-growing companies in the domestic large model financing sector [2][3] - CEO Li Dahai emphasized the need for advanced judgment on technology and market to empower the large model industry, aiming to provide sufficient supply for industry acceleration [2][4] Financing Overview - **April 2024**: Led by Chunhua Venture Capital, with participation from Beijing AI Industry Investment Fund and Zhihu, aimed at accelerating edge-side large model development and exploring applications in smart cockpits [3] - **December 2024**: Led by Longxin Venture Capital and others, focusing on deepening collaboration with chip manufacturers like Qualcomm and MediaTek to adapt edge models for automotive and mobile devices [3] - **May 2025**: The latest round led by Hongtai Fund and others, intended to build "edge brain" technology barriers and promote large-scale applications across various industries, particularly in smart cockpit mass production and vertical AI tool development [4] Competitive Advantage - Mianbi Intelligent focuses on "knowledge density" instead of merely increasing model parameters, aiming to develop high-efficiency large models that offer better performance, lower costs, reduced power consumption, and faster speeds under the same parameter conditions [4] - The MiniCPM series has achieved edge-side GPT-4o level capabilities, with over 10 million downloads and a 75% reduction in inference costs through model compression technology [4] Industry Applications - The company has launched its first edge-side multimodal model, MiniCPM-o 2.6, which features several industry-first capabilities [5] - Mianbi Intelligent's edge model advantages align well with smart cockpit scenarios, collaborating with major automotive companies like Changan Automobile, SAIC Volkswagen, and Great Wall Motors to produce multiple mass-production models [5] - The first model equipped with the edge-side model, MAZDA EZ-60, was launched in April, enabling fully localized voice, visual, and vehicle control interactions [5][6] - Ongoing collaborations with Qualcomm, Intel, and MediaTek are aimed at promoting the implementation of native intelligent cockpits [6]