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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 ....
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. ....
Total0 NIO will launch lithium iron phosphate battery packs, or competing for low-and medium markets Chinese EV maker Nio will upgrade the existing 70-degree (kWh) battery pack to lithium iron phosphate battery, according to a number of people familiar with the matter. The new battery is expected to achieve a battery capacity of more than 75 degrees. It is planned to be launched in the fourth quarter of this year. Lithium iron phosphate batteries are known for their low cost. NIO can reduce costs through this strategy, and impact products in the lower price market, participating in a wider market competition. ....
China GPU-to-AI startup lands $50 million funding January 17, 2021 // By Peter Clarke Computer vision and artificial intelligence chip vendor Vastai Technologies Inc. (Shanghai, China) has closed a Series A round of finance worth $50 million. The round was led by Kuaishou, Redpoint China Ventures, 5Y Capital (formerly Morningside Venture Capital), with SAIF Partners and all existing shareholders (including Zhen Fund, Sirius Capital and Glory Ventures) as followers. The company said the money will be used to scale up production of chip products, expand R&D and for global sales. Founded in December 2018, Vastai has focused on AI computing, computer vision and video processing. ....