Moffett AI raises over US$50M in Series A+ and Series B funding rounds led by Ant Group for second-generation 'Antoum' AI processor
Moffett AI raises over US$50M in Series A+ and Series B funding rounds led by Ant Group for second-generation 'Antoum' AI processor
04/14/24, 1:15 PM
Location
shanghaiMoney raised
$50 million
Industry
artificial intelligence
hardware
Round Type
series a
Investors
Ant Group
Moffett AI, also known as Moxin Artificial Intelligence Technology (Shanghai) Co. Ltd., has closed two rounds of financing worth hundreds of million yuan, equivalent to more than US$50 million. The Series B funding round was led by Ant Group, an affiliate of Alibaba Group.
Company Info
Location
shanghai, shanghai, china
Additional Info
Moffett is building the world’s next generation AI computation platform, from ground up.
We pioneer in deep learning algorithms and build computation platform that the world has never seen - powerful, fast and extremely energy efficient.