Lisuan Tech is a high-tech enterprise focusing on developing graphics rendering GPU. It recently completed a Series Pre-A funding round worth hundreds of millions of CNY, led by Shanghai Juntong Equity Investment Management Corporation.
Lisuan Tech(Chinese: 砺算科技), an innovative technology company, is developing a GPU for high-performance graphics rendering based on its own Pangu platform. It completed a Series Pre-A funding round worth hundreds of millions of CNY on October 10th, led by Shanghai Juntong Equity Investment Management Corporation, with participation by Ondine Capital, Delta Capital and ZUF Capital. Lisuan Tech will use the capital to develop several customized applications targeting metaverse, digital twin, cloud rendering, and new energy vehicle, the mass production of high-performance graphics rendering GPU with DirectX 12, OpenGL 4.6 and Vulkan 1.3 functions and expanding business scale.
Unlike the existing competitors in the market, Lisuan Tech customizes the design in terms of function, algorithm methods and rendering performance to meet the market demand and customers' needs. Lisuan Tech's first chip G100, based on a 6nm node, will hit the market in 2023, and it is alleged to be the first domestic high-performance graphics rendering GPU.
Ye Wei, the Chairman of Delta Capital, said the investment was aligned with Delta's long-term strategy for high-performance computing chips, and the development of G100 went on smoothly and met all the set timelines. Overall, he was optimistic about the future business growth and the investment value of Lisuan Tech.
Lisuan Tech's competitors include Advanced Micro Devices(Chinese: 超威半导体有限公司), NVIDIA (Chinese:英伟达半导体科技), Innosilicon (Chinese: 武汉芯动科技有限公司), Changsha Jingjia Microelectronics (Chinese:长沙景嘉微电子股份有限公司), Cambrian (Chinese: 中科寒武纪科技股份有限公司)and Hanbo Chuangxin Semiconductor (Chinese: 瀚博半导体).