Since its inception in 2022 up until July 2025, Shanghai Fangqing Technology Co., Ltd. has successfully gone through several rounds of financing, amassing a total of over 500 million yuan.

In the angel round of financing, Xiaomi Strategic Investment took the lead, with NIO Capital and FutureX Capital joining in as co - investors. For the angel+ round, NIO Capital stepped up as the lead investor, and FutureX Capital continued its participation as a co - investor. Moving on to the angel++ round, Lingang Scientific Innovation Investment and Hua Capital Group led the way, while 37 Interactive Entertainment, Gaojie Capital, and Neusoft Xinknowledge also came on board as co - investors.

The company has set its sights on developing multi - core NPU computing chips specifically designed for artificial intelligence. It has put forward an innovative distributed computing architecture, and its first - generation product is on the verge of tape - out.

The funds raised from these financing rounds will be strategically allocated to core technology research and development, product commercialization efforts, ecosystem construction, and market expansion initiatives.