Nano-core Chip Raises RMB 1 Billion

Hangzhou-based AI inference chip developer Nano-core Chip announced on October 28 that it raised over RMB 1 billion in Series C2 funding led by JianTou Investment. The company will use proceeds for product development and preparation for volume production of its chips combining three-dimensional near-memory computing, in-memory computing, and RISC-V processing.