The facts
Sunrise at a glance.
Read Oct 20, 2026. Valuations and amounts are copied as each source states them; a figure that is only reported (talks, or people familiar with the deal) is labeled as reported.
- Kind of company
- Chips and AI computersNew chips and systems built to run AI faster or cheaper.
- Based in
- Hangzhou, China
- Founded
- 2024KrASIA (from 36Kr), Sep 23, 2025
- Last closed-round valuation
- No valuation reported
- What it has shipped
- Has a product
Founders
- Wang Zhan: co-CEO; Baidu founding-team member (per KrASIA) (KrASIA (from 36Kr), Sep 23, 2025)
- Wang Yong: co-CEO; about 20 years at AMD and Baidu's Kunlunxin (per KrASIA) (KrASIA (from 36Kr), Sep 23, 2025)
Raised more than 1 billion yuan; total about 4 billion yuan across seven rounds since the late-2024 spin-off Apr 21, 2026
Caixin Global, Apr 21, 2026
What it has built
Shipped, or not yet.
“Has a product” is what our search found: something the public can use or buy, a model or API, research only, or nothing public.
3 rounds
Funding, as reported.
Every round we found, with the amount, valuation and investors as the source states them.
| When | Round | Amount | Valuation | Investors named | Source |
|---|---|---|---|---|---|
| Jul 1, 2025 | unnamed | nearly 1 billion yuan ($139.6 million) | Not stated | Sany Group venture capital unit, 4Paradigm | Caixin Global |
| Jan 29, 2026 | strategic financing (cumulative over 12 months, not one round) | nearly 3 billion yuan ($431.4 million) | Not stated | IDG Capital, Soul Capital, Gaorong Ventures, CICC Capital, Puhua Capital, Green Pine Capital Partners, Yuexiu Industrial Fund, state capital platforms | Caixin Global |
| Apr 21, 2026 | unnamed | more than 1 billion yuan ($140 million) | Not stated | None named | Caixin Global |
Our note
Worth knowing.
Our note: Founded year is the spin-off from SenseTime at the end of 2024; SenseTime's chip effort began about five years earlier (KrASIA). Caixin articles are paywalled, so only the visible parts were checked. No valuation found. A Caixin page sidebar says the S3 chip was released in January 2026, but that sidebar is labelled AI-generated, so it is not used.
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