Sogou's application for the Science and Technology Innovation Board IPO has been questioned, planning to raise 1.55 billion yuan for China's leading conversational artificial intelligence company.

On June 18th, Pridictoch Science and Technology Co., Ltd. (referred to as "Pridictoch") applied for a change in the status of its listing review on the Shanghai Stock Exchange's Sci-Tech Innovation Board to "questioned", with Soochow as its sponsoring institution, and plans to raise 1.55 billion yuan. According to the prospectus, the company is a leading domestic conversational AI company, focusing on independent research and development of full-stack conversational AI and edge intelligence technology, as well as design, development, and sales of intelligent human-machine interaction products. Based on its self-developed intelligent customization middleware, the company provides system-level intelligent human-machine dialogue products and solutions for fields such as smart travel, smart office, and smart IoT, enabling downstream customers to achieve intelligent upgrades of products and businesses, creating a more natural, efficient intelligent human-machine interaction experience, promoting the integration of new generation intelligent terminals and intelligent bodies, and helping industrial upgrades. Differing from model vendors that provide single-point AI capabilities, the company has independently developed a full-stack AI technology system around these three dimensions: algorithm model dimension including auditory perception, language cognition, multimodal interaction, large models, and intelligent body technology; edge deployment dimension including chip and edge algorithm technology; and flexible delivery dimension including full-link dialogue system flexible customization technology. The company has overcome common industry challenges such as offline low-latency and lightweight deployment at the edge, real-time interaction in complex noisy environments, and distributed intelligent body collaboration by achieving breakthroughs in collaborative innovation using "model-core-cloud", efficiently scheduling and integrating various sizes of models, vertical intelligent bodies, and scenario-based skills under the collaborative architecture of the edge-cloud. The company is one of the few system-level AI companies globally that simultaneously possess self-developed full-link algorithm, software-hardware collaborative innovation, and large-scale flexible delivery capabilities. In the field of smart travel, the company has partnered with top domestic car companies such as BYD Company Limited, SAIC, BAIC, Geely, Great Wall, Chongqing Sokon Industry Group Stock, as well as international renowned brands such as Mercedes-Benz, T company, Audi, Volkswagen, Porsche, and Lotus, and has expanded its customer base to include customers in the two-wheeler sector such as Yadea. As of the end of the reporting period, the company has enabled nearly 300 vehicle models for customers, with over 25 million vehicles equipped with their technology. According to data from Gazgo Automotive Research Institute, based on domestic terminal sales of complete vehicles, the company's market share for in-vehicle voice installation volume is expected to reach 22% by 2025, ranking second in the industry and increasing over 15 percentage points from 6.8% in 2023, surpassing the leading international company Saillons. Additionally, the company's multilingual human-machine dialogue technology has been widely used by domestic brands such as SAIC, Chongqing Sokon Industry Group Stock, Great Wall, and Avita to help them expand overseas markets. In the field of smart office, the company focuses on its proprietary brand business, building a full-scene product matrix covering intelligent ceiling microphones, intelligent array microphones, AI office laptops, and deeply deploying in conference office and education classroom scenarios. The core technical indicators of the company's intelligent ceiling microphones, such as full-link latency and ASG gain, have reached international leading levels among similar products, enabling the deep deployment of domestic technology in high-end conference rooms and classrooms, breaking the long-term dominance of the global high-end audio-visual conference equipment market by international brands such as Shure from the USA and Sennheiser from Germany. Since the launch of the intelligent ceiling microphones at the end of 2023, the products have been deployed by large enterprises such as Huawei, Alibaba, Xiaomi, JD.com, NONGFU SPRING, as well as over a hundred domestic and overseas universities including Peking University, Shanghai Jiao Tong University, Fudan University, Hong Kong University of Science and Technology, and National University of Singapore, and over a thousand large, medium, and small-sized government, enterprise, and public institutions; simultaneously, the company has initiated global deployment, participated in international market competition, and gradually entered markets in more than twenty countries and regions. The company's AI office laptop product was released in mid-2024, and according to a report by Zanshi Consulting, it is expected to be the top-selling single product for color screen office laptops in 2025. In the field of smart IoT, the company has established deep cooperation with many leading companies in various segmented industries, covering a wide range of vertical fields such as smart home, smart Siasun Robots & Automation, smart wearables, consumer electronics, involving over 50 categories of smart terminal products such as white goods, kitchen and bathroom appliances, home central control, home-use Siasun Robots & Automation, autonomous Siasun Robots & Automation, artificial intelligence smartphones and computers, forming a significant industry influence and customer base. Due to the numerous segmented industries and diverse terminal categories in the smart IoT field, data such as market share is challenging to accurately calculate. Looking at the customer structure, the company has empowered most of the leading brands in major segmented industries: in the field of smart home appliances, it has empowered Midea, Hisense, Haier, Changhong, etc.; in the field of home-use Siasun Robots & Automation, it has empowered Ecovacs Robotics, Sleuths, Stone, etc.; in the field of autonomous Siasun Robots & Automation, it has empowered Zhiyuan, Galaxy Universal, Magic Atom, etc.; and in the field of consumer electronics, it has long-term cooperation with Lenovo, Transsion, OPPO, etc. After deducting the issuance expenses, the funds raised in this round will be invested in the following projects: Financially, in 2023, 2024, and 2025, the company achieved operating revenues of approximately 539 million yuan, 601 million yuan, and 688 million yuan respectively; during the same period, the net losses were approximately 136 million yuan, 158 million yuan, and 79.7088 million yuan respectively.