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Graph Database Startup Vesoft Seeks Funds at $1 Billion Value
Bloomberg News, Bloomberg News Rows of colored high end data cables are seen feeding into computer servers inside a comms room at a office in London, U.K., on Tuesday, Dec. 23, 2014. Vodafone Group Plc will ask telecommunications regulator Ofcom to guarantee that U.K. wireless carriers, which rely on BT s fiber network to transmit voice and data traffic across the country, are treated fairly when BT sets prices and connects their broadcasting towers. Photographer: Bloomberg/Bloomberg , Bloomberg via Getty Images
(Bloomberg) Vesoft Inc. is planning a new funding round that could bolster the Chinese graph database technology startupâs valuation to almost $1 billion, according to its founder and Chief Executive Officer Sherman Ye.
Startup Funding: April 2021
April showers brought mega fundraising rounds to the semiconductor industry. In China, a mobile chipset maker looking to go public won significant funding along with partnerships with major smartphone companies. In the US, AI hardware startups are drawing interest with unique processor architectures and business models. Plus, a major test and design services company drew new investment. This month, we take a look at 22 companies that collectively raised over $2.3B.
Semi & design
Guosheng Capital,
Haier Financial, and
W&W Fund among the participants. The fabless company designs a range of chipsets for mobile and IoT/IIoT applications, including 5G mobile and baseband as well as NB-IoT. It is currently working with Xiaomi and OPPO on a sub-6GHz 5G chip. Formerly known as Spreadtrum before its acquisition by Tsinghua Unigroup, Unisoc is based in Shanghai, China. It is reportedly preparing to list on the Shanghai STAR market later this year.
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.