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Recently, Mingxin Qirui unveiled the successful closure of its Pre-A round financing, amassing funds in excess of 100 million yuan. This pivotal financing round was spearheaded by the China Development Bank Science and Technology Innovation Fund and Legend Capital, with notable contributions from SMIC Poly, Shunxi Fund, and Hengyu Investment. Additionally, existing investors Zhongke Chuangxing and Xiaomi Strategic Investment demonstrated their confidence by further increasing their stakes. The capital raised will be strategically allocated towards core RRAM technology R&D, the expansion of a talented team, facilitating the large-scale commercial production of RRAM technology-based products, and expediting the deployment and utilization of in-memory computing technologies.
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