Matrix Partners China co-leads $77m Series A+ funding in Vastai Tech
Photo: Bloomberg
April 28, 2021
Chinese semiconductor player Vastai Technologies has closed its Series A+ round of financing after raising 500 million yuan ($77 million), the company said on Wednesday.
The Series A+ round was led by Matrix Partners China and China Internet Investment Fund, a 100 billion yuan ($15 billion) fund launched by the Ministry of Finance and the Cyberspace Administration of China in 2017.
The financing was joined by existing investors including 5Y Capital, Redpoint China Ventures, Glory Ventures, SAIF Partners China, Sirius Capital and Yuan Capital.
Vastai, which was co-founded in 2018 by former AMD senior director John Qian, develops artificial intelligence and computer vision chips.
Без координат: предельный Туле
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