Tencent Leads $50M Pre-A Round In Chinese AI Chip Maker Suiyuan Technology

Tencent Holdings Ltd has led a RMB340 million (US$50 million) pre-A round in Suiyuan Technology, a Chinese artificial intelligence start-up developing cloud-based deep learning chips for AI training platforms. Existing investors including Zhen Fund, Delta Capital, Yunhe Partners and Summitview Capital also participated in the round, according to Tencent’s news portal Tencent News. Founded in March, Shanghai-based Suiyuan Technology develops cloud-based deep learning chips for AI training platforms. It claims that its chips will adopt self-developed architecture with high computational …

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