Next Chinese GPU wannabe raises funds

September 06, 2021 // By Peter Clarke
Next Chinese GPU wannabe raises funds
The latest Chinese GPU startup – MetaX Integrated Circuits (Shanghai, China) – has closed a 1 billion yuan (about US$155 million) Series A round of finance.

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.

Related links and articles:

www.metax-tech.com

News articles:

Former AMD executive joins Chinese chip 'unicorn'

Chinese startup launches 'Big Island' 7nm AI GPU

Chinese x86 firm set to benefit from domestic supply mandate

China's ASR joins ranks of hardware unicorns

China GPU-to-AI startup lands $50 million funding

Chinese GPU/AI 'unicorn' formed to take on Nvidia


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