MoXin Completes Nearly 1 Billion Yuan in C+ Round Financing

AI inference chip company MoXin Artificial Intelligence Technology (Shenzhen) Co., Ltd. announced the completion of nearly 1 billion yuan in C+ round financing, with investors including Renai Capital, Haitang Fund, Dongheng Petroleum, Biqiu Capital, Paila Capital, and Zhongcai Capital. The funds from this round will be used for hardware and software upgrades of sparse dedicated inference chips, research and development of the next generation of chips, and industry-academia cooperation in sparse computing. This financing comes about five months after the previous round of nearly 1 billion yuan, bringing the total financing to nearly 2 billion yuan. MoXin was founded in 2018 and is headquartered in Shenzhen, primarily developing AI inference chips, computing cards, and supporting software for data centers and industry clients. Founder and CEO Wang Wei has a master's degree in Electronic and Computer Engineering from Carnegie Mellon University and has previously worked at Qualcomm and Intel. The company has launched computing cards such as S4, S30, and S40 equipped with its self-developed Antoum chip, and plans to launch a new generation of computing card SP200 by the end of this year, along with an upgraded software stack SECA. Its inference clusters have been deployed in multiple regions and have established partnerships with leading telecom operators; it is expected that revenue will achieve several times growth by the third quarter of 2026, but the revenue amount and growth comparison base have not yet been disclosed.

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