Chinese emerging GPU chip company Xiwang completes nearly 3 billion yuan in strategic financing, with participation from IDG Capital, Gaorong Venture Capital, and others.

BlockBeats News, January 22 — China’s emerging GPU chip company Sunrise (Sunrise) announced the completion of nearly 3 billion yuan in strategic financing. Investors include industry investors such as Huaxu Fund under Sany Group, Fanxin Intelligent, Hangzhou Data Group, Zhengda Robotics, GCL Technology, as well as VC/PE institutions like IDG Capital, GGV Capital, Wuji Capital, China International Capital Corporation (CICC), Puhua Capital, Songhe Capital, E Fund, and ICBC Investment. The funding is also supported by state-owned capital backgrounds such as Chengtong Mixed Ownership Reform Fund, Hangzhou Jintou, and Hangzhou High-tech Jintou. The funds will be used for next-generation inference GPU research and development, large-scale mass production, and ecosystem co-construction.

It is reported that Sunrise was established at the end of 2024 and was independently spun off from SenseTime’s large chip division. Its slogan is “A Chinese domestic GPU chip company that understands AI better,” emphasizing “top-tier products that are affordable and practical.”