Moxin Raises Nearly 1 Billion Yuan in Series C for Sparse Computing AI Chips

Moxin, a Chinese AI chip maker focused on sparse computing, raised nearly 1 billion yuan in Series C funding.

The round was led by several investors with support from existing backers, including Shenzhen Capital Group, K2VC, and others.

Moxin will use the capital to mass-produce its next SparsePrime computing card and expand its national computing network.

The company says its S30 card has ranked first in MLPerf inference three times and is already deployed across multiple sectors in China.