Supporting "China Core", China Zhongji Investment participated in the Series A financing of Suiyuan Technology.
Recently, China Zhongji Investment participated in the Series A financing of燧原科技. 燧原科技 is the first chip project invested and implemented by China Zhongji Investment since 2019.
Established in March 2018 in Shanghai, 燧原科技 has R&D centers in Shanghai and Beijing. Its products are high-end deep learning chips for cloud data centers, positioned for artificial intelligence training platforms. The chips will adopt a uniquely innovative architecture of their own design, featuring high computing power, high energy efficiency, programmability, low cost, and support for mainstream machine learning frameworks. They are specifically designed and optimized for cloud-based AI training. The core members of the company's R&D team have more than ten years of experience in developing and mass-producing high-end chips and related software ecosystems, possessing rich practical experience in engineering and product development, and have successfully developed and mass-produced numerous large-scale chips.
Wu Fushun, Partner and Managing Director of China Zhongji Investment, introduced that the investment in 燧原科技 is based on three main reasons:
1、 Chips and artificial intelligence are strategic directions that the country prioritizes. The artificial intelligence chip market is large and in the early stages of explosive growth: Future The compound annual growth rate of the AI chip market space in the next 5 years exceeds 50%, with an estimated global market size exceeding US$35 billion in 2022.
2、 Clear product positioning, targeting a monopoly market The company's initial product focuses on cloud-based AI training chips, and will expand to cloud-based AI inference chips and terminal inference chips in the field of autonomous driving in the future.
3、 Positive recognition and broad support from strategic market customers and top-tier investment institutions: It has currently received strategic investment from Tencent and is actively cooperating with potential customers.
He particularly emphasized that the 燧原科技 team has a very strong technical background, rich engineering experience, deep industry resources, and a world-class, fully established structure. The company possesses core technologies and industry resources in the field of large-scale chips that can compare with the world's top companies.
Wu Fushun introduced that because the company was only founded a year ago, it is currently in the early stages of R&D and has not yet generated revenue. However, the R&D is progressing smoothly, and the company has unique advantages in technology, thus possessing a wide 'moat'.
Wen Yuanhua, President of China Zhongji Investment, pointed out that China, as a global leader in AI application markets, will cultivate localized AI chip companies. The investment in 燧原科技 is just the beginning. In the future, we hope to work with more investment institutions and insightful individuals to jointly promote the development of the chip industry and contribute to the rise of Chinese technology.
It is understood that this is the third round of financing for 燧原科技 since its establishment in March 2018. The company has previously received investment from well-known institutions such as Zhenge Fund, Wuyuefeng Capital, Suzhou Datay, Yunhe Capital, Shanghai Science and Technology Venture Capital, and Tencent.
