AI chip company Tsingmicro announced on December 2 that it has completed Series C funding of over 2 billion yuan. This round of funding was led by Beijing Energy Group, with participation from Beijing Venture Capital, Chengdu Science and Technology Innovation Investment, among others, and follow-on investments from existing shareholders. The funds will be primarily used for the research and development of next-generation reconfigurable chips, the implementation of intelligent computing scenarios, and the recruitment of high-end talent. The company has already initiated preparations for going public.
