On September 9, 2024, Zhihe Computation Technology (Shenzhen) Co., Ltd., a domestic RISC-V AI chip design company, announced the completion of a Series A1 financing round worth several hundred million RMB. This round was led by Source Code Capital, with co-investors including Leading Horizon, Yunji Capital, Leput Investment, and Snowy Capital. The Shanghai Lingshanguan New Area Science and Technology Fund, managed by Lingshanguan Science and Technology Investment, also participated in the funding.
Company Overview and Future Plans
Zhihe Computation, established in October 2022, is dedicated to developing high-performance, scalable AI computing chips based on the RISC-V architecture. The company’s CEO, Meng Jianyi, previously served as a vice president at Aliyun Pingtouge Semiconductor, indicating his extensive experience in the semiconductor industry. According to Meng, the company’s first RISC-V AI chip is expected to be launched in 2025.
Zhihe Computation’s chairman, Professor Yan Xiaolang, is a distinguished professor at Zhejiang University and a member of the National Advisory Committee for Integrated Circuit Industry Development. He has been involved in the development of EDA tools and processors, and is the founder of Zhongtian Micro, a leading domestic CPU company. His extensive experience in the industry and his leadership roles have significantly contributed to Zhihe Computation’s strategic positioning and development.
Funding and Strategic Use
The company has previously secured several hundred million RMB in angel and pre-A rounds of financing, with investors including Wavell Technology, CDH Ventures, Linknew Capital, Lingshanguan Science and Technology Investment, Zhejiang University Innovation and Entrepreneurship Fund, and Zhongyi Ren Capital. The new Series A1 financing will be primarily used to accelerate product development, facilitate commercialization, and enhance the company’s talent pool.
Market Position and Vision
Zhihe Computation aims to provide innovative and efficient computing power for a wide range of applications, including general artificial intelligence (AGI). By leveraging its unique ecosystem and focusing on real AI application scenarios, the company plans to deliver high-performance computing solutions tailored to the needs of various industries.
Conclusion
This significant funding round marks a crucial milestone for Zhihe Computation, as it advances its mission to develop cutting-edge RISC-V AI chips. With the support of leading investors and experienced leadership, the company is well-positioned to drive innovation and growth in the AI chip market, contributing to the broader advancement of AI technologies.
This article provides a comprehensive overview of Zhihe Computation’s recent funding round, the company’s strategic vision, and its leadership team, highlighting the company’s potential to make a significant impact in the RISC-V AI chip market.
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