Recently, Vastai Tech (Shanghai) Co., Ltd. has triumphantly concluded its IPO preparation phase, with CITIC Securities acting as the guiding institution. The company formally embarked on its IPO journey on July 18, 2025, and successfully navigated through two stages of preparation.

Since its inception in 2018, Vastai Tech has been steered by seasoned entrepreneurs Qian Jun and Zhang Lei. Regarding its product lineup, the company specializes in delivering comprehensive chip solutions, boasting proprietary core intellectual properties (IPs) and two generations of GPU chips. The company unveiled its inaugural inference chip in 2021, followed by the launch of its second-generation GPU and other chips in 2023.

In the realm of capital operations, Vastai Tech has secured six rounds of funding within six years of its establishment, with the total financing amount surpassing 2.5 billion yuan. According to the 2025 Hurun Global Unicorn List, the company commands a valuation of 10.5 billion yuan, securing the 898th spot.