On May 7, 2020, artificial intelligence-training platform Enflame Technology has state that they have raised RMB 700 million ($98.6 million) in Series B funding. Summitview Capital leaded the round, Government-backed Shanghai Innovital Capital, Red Dot Capital, Redpoint Ventures China, and Tencent also participated in the round.

The proceeds of the round will be used to scale Enflame’s business, expand its tech support team, fund research and development, and mass produce its products.

Prior to this, China Zhongji Investment participated in the A round of financing of Enflame Technology.

As the first domestic start-up company to enter the data center market with high-end artificial intelligence training products, Enflame Technology  launched  the "Cloudblazer T10" artificial intelligence training accelerator card in December last year. At present, Enflame are conducting in-depth cooperation with customers for the differentiated needs of AI multiple application scenarios, and achieving business landing and scale.