logo
logo

Chinese Gpu Newbie Moore Threads Bags Usd313 Million In Series A Round

Nov 26, 2021•almost 4 years ago

Amount Raised

$313 Million

Round Type

series a

Description

Moore Threads, a Chinese computer graphics hardware firm founded just over a year ago, has completed a CNY2 billion (USD313 million) Series A funding round to expand its output.

Company Information

Company

Moore Threads

About

The fundraiser was co-led by Shanghai-based Guosheng Capital Management, 5Y Capital, and a fund affiliated to BOC International Holdings, the Beijing-based startup said in a statement on WeChat yesterday. The company plans to apply its GPUs in various fields such as the digital industry, autonomous driving, and robotics, it added. The startup has successfully developed its first GPU and started adapting it to mainstream central processing units and operating systems in China. The company has teamed up with hundreds of partners to advance the development of China's homegrown GPU applications, it added. During the first two fundraisers, the company raised billions of Chinese yuan from investors, including Shenzhen Capital Group, Sequoia China Investment Management, and GGV Capital. Since Moore Threads was founded in October 2020, it has finished three funding rounds.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech