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Mingxin Qirui completes over 400 million yuan Series A financing, launches LPU inference chip R&D
Beijing MXChip Technology Co., Ltd. today announced the completion of over 400 million yuan in Series A financing, led by Boyuan Capital, with follow-on investments from Bosch Ventures, miHoYo, GigaDevice, and continued additional investment from existing shareholders including Xiaomi Ventures. This round of funding will be used for the industrialization and commercialization of RRAM and the research and development of new product LPU (Language Processing Unit). On the same day, Tao Lu, former President and General Manager of Greater China at Graphcore, joined the company as CEO and co-founder. The company also simultaneously initiated the R&D of its first-generation LPU for large model inference scenarios.
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