Xiwang completes nearly 3 billion yuan financing for inference GPU development

AI inference GPU chip company Xiwang announced that it has completed nearly 3 billion yuan in financing within one year. Investors include industry players such as Huaxu Fund under SANY Group, Paradigm Intelligence, Hangzhou Data Group, as well as VC/PE institutions such as IDG Capital, Gaorong Capital, and Wuji Capital. The company has also received support from state-owned capital backgrounds such as Chengtong Mixed-Ownership Reform Fund. The funds will be used for the development of next-generation inference GPUs, large-scale mass production, and ecosystem co-construction.