Chinese GPU Chip Provider Iluvatar CoreX Completes Financing Totaling $148.68 Million
Iluvatar CoreX, a Chinese provider of general GPU chips and high-performance computing systems, announced on July 13 that it had completed C+ and C++ rounds of financing totaling over 1 billion yuan ($148.68 million).
The round C+ was led by Financial Street Capital, and the C++ round was led by Hopu Fund and its HOPU-Arm Innovation Fund. Well-known enterprises and institutions such as ZGC Science City Science and Technology Growth Fund, Shanghai Guosheng and Vista Investment, also participated in the investment rounds.
This round of financing will help the company to mass-produce its AI reasoning chip, the Zhikai 100, and develop second and third Gen AI training chips Tiangai 200 and 300. The company will also use the money to expand its software platforms and accelerate the integration of AI technology and graphics.
Iluvatar CoreX launched its general GPU chip design in 2018. The company is the first provider of high-end general GPU chips and super computing systems in China, and is committed to developing international leading high-performance GPU products for general purpose and accelerating the integration of AI computing and graphics rendering.
In March 2021, the company released the first 7nm cloud training GPU product in China, Tiangai 100. By the end of March 2022, the Tiangai 100 had achieved sales orders of nearly 200 million yuan, helping customers’ application in more than 200 scenarios.
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Lv Jianping, Chief Technology Officer of Iluvatar CoreX, said, “We will adhere to the path of independent development, taking DSA generalization, graphical computation, computational graphics and hardware micro-differentiation as requirements, and continuously improve product performance based on the successful mass production of the Tiangai 100.”