By Greg Gao
(JW Insights) May 17 -- Chinese AI chip startup CL Tech(中昊芯英) has raised hundreds of millions of RMB in Pre-B round financing, it announced. Cade Educational Group is the lead investor and including other companies - Insigma and Riverhill Fund. No specific financing amount was disclosed.
The funds raised will be used to further promote the development and application of AI training chips and computing clusters, said the company.
After this financing round, CL Tech will further improve its layout in AI chips for training and inference, computing clusters, and large language model(LLM) development, and enhance its self-controlled computing power and LLM R&D capabilities.
Founded in 2020 and based in Hangzhou, eastern China’s Zhejiang Province, CL Tech is an AI chip company established by experienced semiconductor and AI model-related hardware and software experts returning from Silicon Valley. The company focuses on high-performance AI chips and computing clusters that support the training of large-scale artificial intelligence models and aims to create a comprehensive software and hardware integrated solution, according to the company.
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