Enflame Technology was founded in March 2018. The company is recognized as one of the four leading domestic GPU manufacturers in China, alongside Moore Threads, MetaX, and Biren Technology.
Over nearly eight years, the company has developed four generations of architectures and five types of cloud AI chips. Its product ecosystem includes AI chips, acceleration cards, modules, intelligent computing systems, clusters, and AI computing and programming software platforms.
The company expects to raise a total of ¥6.119 billion. These funds will be allocated to the development and industrialization of fifth and sixth generation AI chip series, as well as advanced AI hardware and software collaborative innovation projects.
Specifically, the funding will be split as approximately ¥1.503 billion, ¥1.197 billion, and ¥3.3 billion for the three respective projects. The company is not yet profitable as of the date of the announcement.
