Chinese AI maker startup Suiyuan Technology announced today that it has completed its Series Pre-A funding with nearly CN¥340 million (US$50 million). Funding was led by Tencent Holdings Ltd, Zhen Fund, Delta Capital, Yunhe Partners and Summitview Capital. The company will leverage the funds in its cloud-based deep learning AI training platform development.
Founded in March 2018, Suiyuan Technology quickly established Shanghai and Beijing research centers focused on high-end, cloud-based deep learning chip development. The chips are based on a self-developed unique architecture design to achieve high computational power and efficiency with low cost for deployment in major machine learning frameworks. Suiyuan says its core chip scientist team has an average 15 years experience in high-end chipset development and mass production.
Suiyuan Technology CEO Lidong Zhao (赵立东) says the company will follow the Chinese government’s Development Plan on the New Generation of Artificial Intelligence, and aims to become the AI chip solution and technology leader in the Chinese market.
Author: Robert Tian | Editor: Michael Sarazen