Suiyuan Technology completed D round of financing of 2 billion, led by Shanghai International Group

September 28, 2023, Shanghai, China - Suiyuan Technology, which specializes in artificial intelligence cloud computing products, announced today that it has completed a D round of financing of 2 billion yuan, funded by subsidiaries of Shanghai International Group and industrial funds , including international asset management, national Xin Venture Capital, Guofang Innovation, Gimpo Investment’s Shanghai Fintech Fund, and Guohe Investment jointly led the investment, with Tencent, Meitu, Wu Yuefeng Technology, Yuntai Capital, Hongzhuo Capital, Redpoint China, GF Qianhe, Many new and old shareholders including Ruian Datai and Pudong Investment Holdings also participated in the investment.

Artificial intelligence and integrated circuits are the driving force leading a new round of technological revolution and industrial transformation. They are the leading industries that support economic and social development and promote the overall jump in productivity. Suiyuan Technology is located at the crossroads of the two industries and focuses on artificial intelligence cloud computing products. It has developed 3 generations of AI training and inference products in more than 5 years since its establishment, covering chips, boards, all-in-one intelligent computing machines, and liquid-cooled computing power. Clusters and supporting software systems provide computing power support for customers such as Internet companies, cloud service providers, network operators, scientific research institutions, and local intelligent computing centers.

Recently, the wave of generative large models has swept the world, and the development of AI has entered a new era of general artificial intelligence. Suiyuan Technology seizes the opportunities of the times, takes advantage of the momentum to upgrade its corporate strategy, launches the MaaS service platform, actively builds a full-stack ecosystem from model training, deployment to application services, and creates a complete computing power facility in the AIGC era.

Zhao Lidong, founder, chairman and CEO of Suiyuan, said: "With the rapid evolution of generative large models, artificial intelligence computing power based on high-performance AI chips has become the key to the development of the digital economy. Facing a highly competitive and ecological Highly dependent on the market, Suiyuan Technology has always adhered to the technical route of original innovation and open source, and has in-depth cooperation with industry leading companies to continuously improve product competitiveness and create a solid computing base. At the same time, we actively participate in the construction of AI chip standards and ecosystem. , build core competitiveness, realize self-development, and embark on an independent and controllable long-term development path.”

"The outbreak of AIGC large models has changed the AI ​​ecosystem, and the development trend of the industry has begun to converge towards vertical industry tracks based on large models. Facing the increasingly complex application scenario requirements in the era of general artificial intelligence, Suiyuan will drive technology with a forward-looking vision Evolution is committed to providing complete computing power system solutions for AIGC large models and becoming the computing power engine in the era of general artificial intelligence." Zhang Yalin, founder and COO of Suiyuan, said, "Series D financing will bring AIGC industry resources, and we will. Together with leading companies, we will use innovative products and technologies, flexible and diverse cooperation models, and through in-depth industrial integration to build a complete ecosystem, fully embrace the opportunities in the era of general artificial intelligence, and welcome the first year of large-scale model application deployment next year.”

Wang Lei, managing partner of Guofang Innovation, said: "Generative artificial intelligence will bring a new round of leap-forward improvements in productivity, and there is huge room for future development. As the hardware base of the artificial intelligence industry, AI computing power chips are at the core of the industrial chain. , Therefore, from the perspective of the development of the entire industry chain, making China's independent and controllable AI computing power chip is an inevitable choice and a key direction. The country is optimistic about Suiyuan Technology's absolute leading advantage in this track, and the team relies on its excellent research and development capabilities. and engineering capabilities have continued to iterate three generations of commercial products. We believe that only technology companies that meet the rational choices of commercial customers will be more viable. While updating products, Suiyuan can also insist on meeting the needs of enterprises in commercial scenarios and provide services for customers. The more cost-effective solutions provided by customers have been highly recognized by the market. After leading this round of investment, we believe that Suiyuan will usher in a new round of rapid development and help the rise of China’s AI computing chip field.”

Yao Leiwen, managing director of Tencent Investment, said: "Suiyuan is a leading domestic AI computing chip manufacturer with strong R&D capabilities and excellent execution. It has mass-produced multiple generations of cloud computing chips and is widely used in the Internet, education, scientific research, smart cities, etc. In addition, with years of continuous investment and business cooperation, the Zixiao series chips jointly developed by Tencent and Suiyuan have achieved twice the performance of similar products in the industry in terms of OCR text recognition, intelligent conferencing, and image and voice noise reduction. With the above cost-effectiveness, Tencent can provide inclusive and high-quality artificial intelligence solutions to customers in finance, transportation and other industries with the help of Zixiao chips.”

Wu Xinhong, chairman and CEO of Meitu, said: "AIGC is becoming the fundamental driving force and source of change to promote the development of Meitu. High cost performance, high availability, and high adaptability of computing power are also becoming essential elements for the development of Meitu. Suiyuan Technology has a continuously advancing AI computing power product roadmap, cost-effective systematic solutions and original innovative software and hardware platforms, which are highly complementary to Meitu's full-stack capabilities in AIGC basic and vertical large models and diversified applications. We hope that the in-depth cooperation with Suiyuan will help Meitu achieve larger-scale deployment and wider inclusiveness in AIGC, thereby creating greater ‘Meitu value’ for our end customers.”

He Yanqing, chairman of Hongzhuo Capital, said: “With the rise of the generative AI wave, the demand for AI computing power has become an explosive growth point in the technology industry. With its full-stack product capabilities and the construction of its own ecosystem, Suiyuan Technology will provide The development of the artificial intelligence industry provides world-leading computing power base and technological cornerstones. Hongzhuo Capital has long been focused on hard technology investment with the integrated circuit industry as its core, and has invested in dozens of projects in chip design, equipment, materials and other fields. , the application direction covers big data, cloud computing, AI, 5G communications, automotive electronics and many other fields. This participation in Suiyuan’s new round of financing is an important investment layout of Hongzhuo Capital in AI computing power chips. We will actively provide Enterprise development provides industry empowerment services and accompanies enterprises to develop together in the long term! ”

He Kuanhua, chairman of GF Qianhe Investment Co., Ltd., said: "Artificial intelligence is the core of the new generation of industrial revolution. Artificial intelligence computing power chips are the basic resource elements of industrial development. A complete set of software and hardware architecture ecosystem built around related industries is Suiyuan Technology is currently the key to solving the problem of independent control of core links. GF ​​Qianhe is very optimistic about the future development prospects of Suiyuan Technology and is committed to continuing to invest in the field of artificial intelligence and empower people. energy industry development.”