China Unicom has helped the Shanghai Electric-backed computer chip developer close a series C round that will fund commercialisation and research and development.
China-based semiconductor technology developer Iluvatar CoreX closed a series C round featuring government-owned telecommunications firm China Unicom at RMB1.2bn ($186m) yesterday.
Private equity firm Centurium Capital and investment firm Cedarlake Capital co-led the round, which also featured the Guangdong provincial government’s Gortune Investment vehicle.
Iluvatar CoreX was founded in 2015 and has developed general-purpose graphics processing unit (GPGPU) chips used to facilitate artificial intelligence computing.
The company claims its flagship GPGPU chips exhibit stronger performance, more flexible coding capabilities and…
