Chinese emerging GPU chip company Xi Wang has completed nearly 3 billion yuan in strategic financing, with participation from IDG Capital, Gaorong Capital, and others.
TechFlame
2026-01-22 11:45
TechFlame2026-01-22 11:45
English
TechFlame reports that Sunrise, a rising GPU chip company in China, has announced the completion of nearly 3 billion yuan in strategic financing. Investors include industrial backers such as Huaxu Fund under Sany Group, Paradigm Intelligence, Hangzhou Data Group, Zhengda Robotics, and GCL Technology, as well as VC/PE institutions like IDG Capital, Gaorong Capital, Wuji Capital, CICC Capital, Puhua Capital, Songhe Capital, E Fund Capital, and ICBC Investment. The company has also secured support from state-backed capital, including Chengtong Mixed-Ownership Reform Fund, Hangzhou Financial Investment, and Hangzhou High-Tech Financial Investment. The funds will be used for the development of next-generation inference GPUs, large-scale mass production, and ecosystem collaboration.
It is reported that Sunrise was established at the end of 2024 as an independent spin-off from SenseTime's large-scale chip division. With the slogan "China's domestic GPU chip company that understands AI better," it emphasizes "top-tier products that are affordable and accessible."