The AI semiconductor technology developer's debut funding round was co-led by SIG China and will fund hiring, R&D and market expansion.
SIG China, a vehicle for quantitative trading firm Susquehanna International Group, has co-led a RMB100m ($15.5m) angel round for China-based artificial intelligence chip developer Zhixinke with Jiangmen Ventures, KrAsia reported today.
Founded in 2019, Zhixinke is developing artificial intelligence microchips for edge computing with a focus on high-performance and low energy consumption. Its products have been designed for use in technology such as smartphones, autonomous vehicles and drones.
The proceeds of the round will enable the company to invest in…
