Suiyuan Technology Completes 700 Million Yuan Series B Financing
On May 7, 2020, Suiyuan Technology, a cloud computing platform focusing on artificial intelligence, announced the completion of its Series B financing round, raising 700 million RMB The round was led by Wuyue Peak Capital, a semiconductor industry fund, with Tencent and Shanghai Shuangchuang among the follow-on investors. This funding will be used for product mass production and business scaling, expansion of the technical support team, recruitment of high-end professionals, and continued investment in the development of second-generation cloud-based training and inference products.
Previously, China Zhongji Investment participated in Suiyuan Technology's Series A financing round.
As the first domestic startup to enter the data center market with high-end AI training products, Suiyuan Technology launched its "Yunsui T10" AI training accelerator card based on the "Suisi" chip last December. Currently, it is conducting in-depth cooperation with customers to address the differentiated needs of various AI application scenarios, achieving business implementation and scaling.
The Yunsui T10 is based on the independently developed and reconfigurable computing architecture DTU, achieving a single-precision computing power of 20 TFLOPS and being the first to support the BF16 data format; it adopts independently developed ESL high-speed interconnection technology with a 200GB bandwidth, meeting the large-scale AI training needs of E-level data centers; it supports mainstream industry deep learning frameworks, providing a complete compilation, debugging, and optimization toolchain, offering developers SDKs, operator libraries, custom operator interfaces, and fine-grained open customization capabilities.
" Suiyuan Technology operates in the dual tracks of artificial intelligence and high-end chips This round of financing reflects the industry investors' high affirmation of the achievements made by Suiyuan in the two years since its establishment and their full recognition of the company's future prospects." Suiyuan Technology CEO Zhao Liting said, "From the beginning of the company's founding, we have insisted that business implementation and product development are equally important Only by achieving product implementation and business scaling can profitability be achieved, and only then can the company have the driving force for sustainable development. To this end, we have made strategic choices in a series of decisions such as market direction, product positioning, financing, and business cooperation. The Series B financing will further accelerate the achievement of our goals. AI training chips and software and hardware platforms are at the highest end of the technology chain in this field, and Suiyuan is striving to become the first reliable supplier in China, breaking the foreign monopoly and achieving domestic substitution. At the same time, in response to the broad prospects of 'new infrastructure' intelligent data centers, Suiyuan is cooperating with government and upstream and downstream business partners to provide solutions and contribute to the construction of new infrastructure. ”
Suiyuan Technology COO Zhang Yalin said: "The Suisi chip launched at the end of last year integrates a neuron processing architecture and data processing engine with completely independent intellectual property rights, adopts an independently designed 2.5D advanced packaging with an Interposer, and high-speed ESL interconnection for building large-scale distributed clusters. Through efficient project management execution, Suisi was successfully taped out and productized in one go, while also completing the construction and basic optimization of the 'Yushu' full-stack software. Currently, the collaborative R&D of the second-generation training chip and inference chip has been fully launched, In the near future, Suiyuan Technology can provide a complete solution for China's AI industry development, from training to inference, achieving computing power affordability. 。”
Background information:
Suiyuan Technology was founded in Shanghai in March 2018 and has R&D centers in Shanghai and Beijing. It is the first domestic startup to enter the data center market with high-end AI training products, mainly providing AI affordable computing power to cloud service providers such as public clouds, private clouds, and hybrid clouds, serving industries such as finance, healthcare, and education, as well as intelligent data centers for "new infrastructure." The core members of the company's R&D team have more than 15 years of experience in the development and mass production of high-end chips and related software ecosystems, with rich engineering and product development experience, and have successfully developed and mass-produced many large-scale chips.
In June 2019, China Zhongji Investment participated in Suiyuan Technology's Series A financing round. China Zhongji Investment has been closely following the development of the AI and chip industry and looks forward to cooperating with more investment institutions and excellent companies in the future to help the industry move forward rapidly.
