SpacemiT Secures Hundreds of Millions in A+ Financing to Accelerate RISC-V AI CPU Product Iteration

January 9, 2025 -- SpacemiT recently completed a Series A+ funding round, raising several hundred million yuan. The round was led by the Hong Kong Brizan III Fund and will primarily be used for the research and development of high-performance RISC-V AI CPUs, server AI CPU products, and market expansion. The funding aims to accelerate the iteration of SpacemiT’s RISC-V products and the growth of its ecosystem.

In the three years since its establishment, SpacemiT has rapidly developed a full-stack computing technology that includes high-performance RISC-V CPU cores, AI-CPU cores, AI CPU chips, and system software. This has enabled the company to offer a comprehensive computing system solution, with the goal of building the best native computing platform for large-scale AI models using RISC-V AI CPUs. SpacemiT is also supporting the development of new applications, including AI computers and AI robots.

The success of this financing round is largely attributed to SpacemiT’s outstanding chip mass production capabilities and significant breakthroughs in the development of server CPU chips.

SpacemiT’s RISC-V AI CPU chip, the SpacemiT Key Stone® K1, has successfully expanded the application of RISC-V high-performance computing chips from the developer market to the industrial sector. It is now being applied in various industries, including energy, telecommunications, robotics, and consumer electronics.

Additionally, SpacemiT continues to focus on the development of server CPU chips, which are more challenging and have a longer development cycle. The company has made significant progress in this area, having essentially completed all core technology developments and established a server CPU chip platform. SpacemiT is now the first in the industry to offer a complete RISC-V CPU chip software and hardware platform that supports server specifications.