AI reasoning GPU chip company Morninglight hopes to complete nearly 3 billion yuan in financing.

AI reasoning GPU chip company Xiwang announced that it has completed nearly 3 billion yuan in financing within one year. Investors include Huaxu Fund under Sany Group, Paradigm Intelligence, Hangzhou Data Group and other industrial investors, as well as well-known VC/PE institutions such as IDG Capital, Gaorong Capital, and Wuji Capital, and also received support from state-owned capital backgrounds such as Chengtong Mixed Reform Fund. The funds will be used for the research and development, large-scale production and ecosystem construction of the next generation reasoning GPU.