Chinese emerging GPU chip company Xiwang has completed nearly 3 billion yuan in strategic financing, with participation from IDG Capital, Gao Rong Capital, and others

Chinese emerging GPU chip company Sunrise announced the completion of nearly 3 billion yuan in strategic financing. Investors include industrial investment entities such as Huxu Fund under SANY Group, Paradigm Intelligence, Hangzhou Data Group, Charoen Pokphand Robotics, and GCL-Poly Energy, as well as VC/PE institutions like IDG Capital, Gao Rong Venture Capital, Wujie Capital, CICC Capital, PwC Capital, Songhe Capital, E Fund Capital, and ICBC Investment. It also received support from state-owned capital such as the Chengtong Mixed Reform Fund, Hangzhou Jin Investment, and Hangzhou High-tech Jin Investment. The funds will be used for the R&D of the next generation of inference GPUs, large-scale production, and ecosystem co-construction.

It is reported that Sunrise was established at the end of 2024, spun off from the large chip department of SenseTime. Its slogan is "A Chinese domestic GPU chip company that understands AI better," emphasizing "top-notch products that are affordable and usable."