Unisound¶

Beijing Unisound Technology Co., Ltd. is an innovative technology company focused on smart IoT services, founded in 2012. The company's core business encompasses the research and development and manufacturing of advanced systems such as speech recognition and semantic understanding. The technology has achieved significant accomplishments across various fields in social life, particularly in speech recognition and semantic understanding. The company is known for its rapid development, advanced equipment, and leading technology.

Unisound is a company dedicated to IoT artificial intelligence services. It utilizes a machine learning platform (including deep learning, reinforcement learning, and Bayesian learning) to establish a leading core technology system in areas such as speech technology, language technology, knowledge computing, and big data analysis. These technologies together form a complete artificial intelligence technology map for Unisound. At the application level, three major solutions—AI Core, AIUI, and AI Service—support the implementation of Unisound's core technologies, which have been widely applied in home, automotive, medical, and educational fields, creating a complete "cloud core" ecological closed loop.

Since its establishment, Unisound has experienced rapid growth and has garnered widespread attention in the artificial intelligence industry and capital markets, accumulating nearly $100 million in financing and partnering with over 20,000 companies, covering more than 250 million devices. Additionally, Unisound has been selected for two consecutive years as one of Forbes China's Top 50 Fastest Growing Tech Companies and is one of the fastest-growing startups in China's artificial intelligence industry.

Unisound's revenue increased from 456 million yuan in 2021 to 727 million yuan in 2023, with a compound annual growth rate (CAGR) of 26.3%. Gross profit rose from 145 million yuan in 2021 to 295 million yuan in 2023, with a CAGR of 42.5%. By business segment, nearly 80% of Unisound's revenue comes from smart living services. Data shows that in 2023, Unisound's smart living revenue was 579 million yuan, accounting for 79.6%.

At the same time, Unisound emphasizes that it has a large customer base and does not rely on any single client. Data indicates that from 2021 to 2023, the revenue from Unisound's top five clients accounted for 34.4%, 30.8%, and 27.4% of total revenue, including Shimao Group Holdings Limited and Shenzhen Nengzhi Industrial Information Technology Co., Ltd.

In May 2023, riding the wave of LLMs, Unisound released the Shanhai LLM with 60 billion parameters, which is an evolution and improvement of the UniCore model. According to the prospectus, compared to UniCore, the Shanhai model has a larger parameter and data scale, stronger generative capabilities, and multilingual and basic knowledge abilities.

Aside from public opinion controversies, continuous losses have also become a focal point of external attention. Currently, Unisound's loss issues still exist but have shown a narrowing trend. According to the latest updated prospectus, from 2021 to 2023, Unisound's net losses were 434 million yuan, 375 million yuan, and 376 million yuan, with adjusted net losses of 172 million yuan, 183 million yuan, and 137 million yuan, respectively.