Pragmatik Labs

Next-generation agents across digital and physical worlds, with digital agents for knowledge work, physical agents for real environments, plus frontier research. Reported pivot away from building foundation models.

Founded
May 2026
Headquarters
Shanghai, China
Founders
Junyang Lin
Pushes against
Foundation-model-first labs; judges systems by how they work in the world rather than benchmarks.
Now
Announced 2026-08-11, five months after Lin left Alibaba's Qwen (2026-03-03). Part-funded by Shanghai government money. No product yet. A new lab started by a Qwen leader, relevant to Chinese talent flow.

Key people

  • Junyang Lin (founder; ex-Alibaba Qwen tech lead)

Funding

  • 11 August 2026 reported
    Amount
    Not disclosed in announcement; reported hundreds of millions of USD (Gaorong and HSG ~$100M each, Tencent ~$20M)
    Valuation
    ~$2B (reported)
    Lead
    Gaorong Ventures and HSG (formerly Sequoia China); Tencent; Shanghai Future Industries Fund
    Source thenextweb.com

Every funding round in the atlas

People moves

Of the moves the atlas tracks, 1 joined and 0 left.

Sources

  1. thenextweb.com/news/pragmatik-labs-junyang-lin-qwen-shanghai-agents
  2. techcrunch.com/2026/03/03/alibabas-qwen-tech-lead-steps-down-after-major-ai-push/
  3. thestandard.com.hk/finance/article/339744/Former-Alibaba-Qwen-AI-model-leader-founds-new-A
  4. runtimewire.com/article/junyang-lin-pragmatik-labs-ai-agents
  5. eu.36kr.com/en/p/3937426171853954
  6. dealroom.co/news/144630-former-alibaba-researcher-junyang-lin-announces-pragmatik-labs/

This profile was checked and corrected against its sources on 6 October 2026. How we check