Iluvatar raises funds for more AI-GPUs
GPU and high-performance processor company Iluvatar, registered as Shanghai Tianshu Zhixin Semiconductor Co. Ltd., has raised Series C+ and C++ rounds of financing totaling over 1 billion yuan (about US$150 million).
The C+ round was led by Financial Street Capital, and the C++ round was led by Hopu Investment and its subsidiary Hoan Innovation Fund which is a joint venture fund management company between Hopu Investment and ARM.
The company closed a Series C round worth 1.2 billion yuan (about US$180 million) in 2021 (see Chinese startup launches ‘Big Island’ 7nm AI GPU).
The company said the latest round of financing will help the company mass produce the Zhikai 100 chip and develop second and third generations of its Big Island GPU; Tiangai 200 and Tiangai 300.
Iluvatar said it has 200 million yuan (about US$30 million) of orders for the first-generation Tiangai 100 covering more than 200 applications. It also introduced its second product – the 7nm ‘Intelligent Armor’ 100 – in May 2022.
Tianshu Zhixin, which was founded in 2013, should not be confused with Shanghai Zhaoxin Semiconductor Co. Ltd., a state-owned fabless chip company founded in 2013, which was set up as a joint venture between Via Technologies Inc. and the Shanghai municipal government to make x86 processors.
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