China's MemSilicon Raises Over 400 Million Yuan to Develop RRAM
China's MemSilicon has raised over 400 million yuan in a Series A round led by Boyuan Capital to manufacture RRAM memory and develop an LPU inference product.
MemSilicon, also known as Mingxin Qirui, raised over 400 million Chinese yuan in a Series A funding round led by Boyuan Capital, according to 36Kr.
Bosch Venture Capital, Chuangling Capital, miHoYo, Zhongguancun Science City, and GigaDevice participated in the round, according to the source.
The company plans to use the funds for industrial-scale manufacturing of RRAM memory, as well as research and development for an LPU inference product.
The company is working on manufacturing RRAM, a non-volatile memory, and developing a dedicated LPU product to accelerate inference operations in AI models.
What Do These Terms Mean?
Series A: The first major round of funding for a startup after the seed round, typically used to expand the product and market.
RRAM: A type of non-volatile memory that retains data without electricity and is being tested as an alternative or complement to flash memory in certain applications.
LPU: A specialized processor to accelerate inference operations in AI models—meaning running the model to answer requests.
Weekly Newsletter
Read between the lines before everyone else. Decode the most important economic, tech, and decision-maker movements in the region.. in 5 minutes every Saturday.
