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January 7, 2021
After 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.
"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.
Editorial Director AI & IoT
Chuck Martin, a New York Times Business Bestselling author, futurist and columnist, is Editorial Director at Informa Tech, home of AI Business, IoT World Today and Enter Quantum. Martin has been a leader in emerging digital technologies for more than two decades. He is considered one of the foremost Internet of Things (IoT) experts in the world and his latest book is titled "Digital Transformation 3.0" (The New Business-to-Consumer Connections of The Internet of Things). He hosts a worldwide podcast titled “The Voices of the Internet of Things with Chuck Martin,” where he converses with top executives from the companies driving the Internet of Things.
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