Yihang Intelligence announces the completion of 1.5 billion yuan Series B financing

Mars Finance News, April 22 — Yixing Intelligent recently announced the completion of a Series B financing round of 1.5 billion RMB. This round of financing was co-led by the Beijing Economic-Technological Development Zone Industrial Upgrade Fund (Yiguo Investment), the Beijing High-Precision Industry Development Investment Fund, the Beijing Information Industry Development Investment Fund, and the Beijing Artificial Intelligence Industry Investment Fund, along with continued follow-on investment from new and existing shareholders such as Helicap Capital, Boli Venture Capital, Saiyi Industry Fund, Longjiang Fund, Qingtan Capital, and Jiukun Venture Capital. Multiple leading companies across the ecosystem also participated in the investment.

Yixing Intelligent stated that the funds from this round will focus on advancing mass production and accelerating commercialization of Epoch series products, conducting R&D for the next-generation flagship products, building a soft-and-hard coordinated ecosystem, and expanding into global markets. The company will continue to promote large-scale deployment of RISC-V AI computing chips and computing platforms. (Venture Capitalist CLUB)