METAX, a provider of high-performance GPU chips and solutions in the heterogeneous computing field, received funds of CNY 1 billion (USD 149.2 million) from Chaos Investment and China Central Television Financial Media Industry Investment Fund.
Muxi Integrated Circuit (Shanghai) Co., Ltd (METAX, Chinese:沐曦), a provider of high-performance GPU chips and solutions in the heterogeneous computing field, completed a Pre-B round of financing worth CNY 1 billion (USD 149.2 million) recently, led by Chaos Investment and China Central Television Financial Media Industry Investment Fund.
This funding was participated by influential institutions including Guosheng Capital Management, Zhongxin Capital Holdings, JianYin Kechuang and Hermitage Capital Asia Limited and Puchao Investment Management. Existing shareholders including China Internet Investment Fund, Matrix Partners China and Guochuang Zhongding also built on their original investment, news portal Lieyunwang.com reported.
"High-performance and versatile GPU is the most important part of hash rate, the core infrastructure in the era of artificial intelligence. It has a broad development space. We hope METAX team can make efforts to break the monopoly of foreign manufacturers in the field", said the spokesman of Shanghai Chaos Investment Group.
In the era of digital economy, the hash rate has become a new type of productivity and high-performance GPU has become its universal engine as well as an important support for the country's digital economy. The security and autonomy of national hash rate infrastructure can be guaranteed only when high-performance GPUs can be independently produced.
METAX has maintained rapid growth in past years since its establishment in 2020. Its core team members have nearly 20 years of end-to-end R&D experience in high-performance GPU products and have played an important role in the R&D of more than 10 international mainstream high-performance GPU products. It is a team with complete technology and rich experience in design and industrialization.
METAX’s international competitors include ARM (Britain) and AMD (America) and domestic competitors include Bonus Cloud (Chinese:博纳云), Cambricon (Chinese:寒武纪) and FASII (Chinese:方一科技).