NCC raises CNY1 billion Series C1 for in-memory AI chips
The Hangzhou chip developer is preparing its inference technology for wider commercialization.
Investors in the financing included GP Capital and Huaqin Technology among a broader syndicate. The round supports development and commercialization of chips designed to reduce the power and bandwidth costs of AI inference.
NCC integrates computing with memory through its 3D-CIM architecture. The company is developing chips and supporting systems for applications including phones, PCs, servers and robotics.
Use of funds
Develop in-memory AI inference chips
Scale chip commercialization and manufacturing