Chinese GPU Firm Moore Threads Bags B Round of Financing Over $215M

▤ Summary

Moore Threads, a Beijing-based GPU company, announced on December 27 that it had received a B Round of financing worth 1.5 billion yuan ($215.5 million).This round of financing was led by China Mobile Digital New Economy Industry Fund and Hexie Health Insurance, and was followed by Dianshi Capital. In November, the company launched its second generation of multi-functional GPU Chunxiao based on a self-developed MUSA architecture, which is mainly aimed at the consumer market. The GPU is also aimed to meet the needs of high-end gamers and users of intensive graphics and computing applications while still being useful for middle to high-end applications.In addition, the company also launched a series of new products, such as the game graphics card MTT S80, server-oriented MTT S3000, meta-computing all-in-one MCCX, series GPU software stacks and application tools. Currently, tens of thousands of domestically-made PCs are equipped with Moore Threads MTT S series graphics cards and will be widely used in digital office business scenarios in telecommunications and financial industries.Moore Threads also signed strategic cooperation memorandums with China Mobiles Cloud Capability Center and China Telecom Research Institute to jointly explore the implementation of a multifunctional GPU in cloud computing and application, new infrastructure for the metaverse and a localized ecological construction.With AI painting and chat robot ChatGPT becoming a heated topic, large-scale digital humans and virtual livestreamers emerged at the same time, and the commercialization progress of metaverse has attracted attention. The virtual world built by 3D rendering, AI technology and physical engines will provide users with an entrance to the metaverse experience.

▦ Linked Companies

Moore Threads

$10M to $25M