Next Chinese GPU wannabe raises funds
MetaX, founded in September 2020, has reportedly raised billions of yuan since its formation and already has more than 300 employees with 80 percent of them engaged in R&D.
The latest round of finance was led by two state-owned equity investment platforms; China Structural Reform Fund and China Internet Investment Fund. Existing shareholders, Lightspeed China Partners, Sequoia China and Matrix Partners China also invested.
MetaX is one of a slew of Chinese companies that have been formed to try and compete with Nvidia Corp. to provide high-performance GPU silicon for use in artificial intelligence in data centers.
Others include Biren Technology (see Former AMD executive joins Chinese chip ‘unicorn’), Vastai Technologies (see China GPU-to-AI startup lands $50 million funding) and Moore Threads (see Chinese GPU/AI ‘unicorn’ formed to take on Nvidia).
Making domestic high-performance GPUs is of great significance to the development of China’s integrated circuit industry, MetaX said.
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