Recently, China Zhongji Investment took part in A round of financing of Enflame Tech. Enflame is the first chip project invested by China Zhongji Investment since 2019.

Enflame Tech was established in March 2018 in Shanghai with R & D centers in Shanghai and Beijing. Its products are deep learning high-end chips developed for cloud data centers, and are positioned on artificial intelligence training platforms. The chip will be designed and optimized for cloud AI training with its unique and innovative architecture of high computing power, high energy efficiency ratio, programmable, low cost and support for mainstream machine learning framework. The company's R & D team members have more than 15-year working experience of development and mass production of high-end chips and related software ecosystem. They have rich experience and proven track-record of delivering large-scale high-end chips with success.

Wu Fushen, the investment partner and managing director of China Zhongji Investment, said that the investment in Enflame Tech is mainly based on the following three considerations:

1. Chips and AI are the strategic direction of national support. The AI chip market is large and in the early stages of explosive growth: The annual compound growth rate of AI chip market space in the next five years is over 50%, and the global market is estimated to be over $35 billion by 2022.

2, the product position is clear, the target market is monopoly market: The company's first product main cloud AI training chip, will expand to cloud AI inference chip and unmanned terminal inference chip.

3. Active recognition and broad support from market strategic customers and top investment agencies: Tencent has now received strategic investment and actively cooperated with potential customers.

In particular, he stressed that the technical background of the team is very strong, the engineering experience is rich, the industrial resources are deep, and it has the world-class complete structure. The company has core technology and industrial resources that can be compared with the world's top companies in the field of big chips.

Wu said that as the company had only been established for one year, it is still in the early stage of R & D and has yet to generate revenue. But at present research and development smoothly, the company in the technical level has the unique advantage, therefore has the broad "moat river".

Wen Yuanhua, president of China Zhongji Investment, points out that China, as the world's leading AI application market, will grow into a local AI chip company. Investment in Enflame Tech is only the beginning, and we hope to promote the development of the chip industry with more investment institutions and knowledgeable people in the future, and help China's science and technology to soar.

It is understood that this is the third financing since the inception of Enflame Tech in March 2018. The company was previously invested by Zhenge Fund, Wu Yuefeng Capital, Suzhou Datai, Yunhe Capital, Shanghai Kexi Investment, Tencent and other well-known institutions.