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Former Alibaba star researcher Junyang Lin launches Shanghai-based Pragmatik Labs to build digital and physical AI agents; Pragmatik hit a $2B valuation in June (Juro Osawa/The Information)

Techmeme ·
Junyang Lin has confirmed Pragmatik Labs, with Tencent, HSG, and Gaorong named among its backers.

Lin said the Shanghai lab will focus on next-generation agents across digital and physical worlds. Techmeme’s item says the company reached a $2 billion valuation in June, citing The Information’s earlier reporting. Pragmatik’s own note frames the work as agents “built to transform work and life.” Techmeme's note

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