AI chip manufacturer Cambricon closes Series B at $2.5bn valuation

By Olivia Minnock
Share
Chinese chip manufacturer, Cambricon Technologies, has secured hundreds of millions in its latest funding round, reportsSynced Review. The Series B fun...

Chinese chip manufacturer, Cambricon Technologies, has secured hundreds of millions in its latest funding round, reports Synced Review.

The Series B funding round has left the company with a valuation of $2.5bn. Investors reportedly include Capital Venture (a Chinese state-owned company), SDIC Venture Capital, China Capital Investment Group, TCL Capital, CITIC Securities, Alibaba VC, and Lenovo Capital & Incubator Group.

Cambricon mainly focusses on the development of artificial intelligence (AI) chips. The company produced China’s first AI chip in 2016 for use in smartphones, wearable technology and drones. In particular, Cambricon is looking to develop chips with low power consumption.

SEE ALSO:

China Daily says that after the funding round, it is now the highest valued smart chip startup in the world.

Previous investors in Cambricon have included iFlyTek, Oriza and Yonghua, according to Global University Venturing. iFlyTek is a voice recognition company and part of China’s national AI team, while both Oriza and Yonghu are early-stage investment companies with a technology focus. 

Cambricon has stated that following the funding it will “continue to devote itself to spreading smart chip ideas, technologies and products to every corner of the world, allowing machines to better understand and serve humanity.” 

 

Share

Featured Articles

Manufacturing Unwrapped: Manufacturing Leader Jeff Winter

In addition to being our top magazine influencer back in August, Jeff also did an unmissable interview with Manufacturing Digital on IoT

Manufacturing Unwrapped: Kathleen Mitford of Microsoft

This year we had a truly insightful interview with Kathleen Mitford, CVP of Global Industry at Microsoft on its AI Copilot solutions for manufacturing

Can Carton Waste Revolutionise Sustainable Manufacturing?

A new €3.1m Ittervoort facility processes 20,000 tonnes of polyAl annually, turning carton waste into reusable materials for durable manufacturing products

Stellantis & CATL Boost EV Manufacturing Capacity

Sustainability & ESG

Sir David McMurty: A Visionary Engineer, Inventor and Leader

Production & Operations

IFS: Gaining New Manufacturing Value with Service Centricity

Production & Operations