AI Business is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

IT & Data Center

Chinese AI chip designer Enflame raises $279m in a Series C round

Article ImageAfter launching a broad range of AI acceleration products in less than three years

Shanghai-based startup Enflame Technology, which designs deep learning chips for cloud data centers, has raised $279 million in a Series C financing round.

The company, known as Suiyuan Technology in the domestic market, has launched several AI acceleration products.

These include 'Yunsui T10' and 'Yunsui T11' for training scenarios, 'Yunsui i10' for inference, and the 'Yusuo' software platform for management and orchestration.

Investors in the round include Tencent Holdings, CITIC Industry Fund, CICC Capital's funds, Primavera Capital Group, Chunhua Capital, Wu Yuefeng Capital, and Redpoint Ventures China.

Moving fast

"Artificial intelligence computing power is the core of the future digital economic infrastructure, and it is a battleground for strategists in the hard technology field,” Zhao Lidong, co-founder and CEO of Enflame, said in a statement.

“In 2020, we successfully realized the commercial landing of an AI training cluster composed of Yunsui T10 accelerator cards in customer data centers. The completion of the C round of financing will bring a wide range of industrial resources to help our industrial cooperation, ecological construction, and business scale.”

The additional funding will allow Enflame to expand its recruitment efforts, advance the organization, and upgrade its support infrastructure.

"In the past two years, Enflame has rapidly launched cloud training and reasoning products with precise execution and collaboration, and has achieved first-mover advantages,” said Zhang Yalin, the company’s co-founder and COO. “As a technology-driven company, we have planned and are fully implementing the next three years. The product technology roadmap of the company will take the joint development of software and hardware systems as the core to carry out product iterations and establish competitive advantage in the market.”

Tencent, known for its popular WeChat messaging app, has been an early and consistent backer of Enflame, dating back to its Series A in 2019.

Trending Stories
All Upcoming Events

Upcoming Webinars

More Webinars

Latest Videos

More videos


More EBooks

Research Reports

More Research Reports
AI Knowledge Hub

AI for Everything Series

David Hardoon explaining recent developments in Data Science and AI

Author of Getting Started with Business Analytics: Insightful Decision-Making and the forthcoming book, Creating a Data Culture: Failing to Succeed

AI Knowledge Hub

Newsletter Sign Up

Sign Up