Recently, Longqing Kongtian (previously known as Suzhou Longqing Vision Integrated Circuit Co., Ltd.) revealed that it has successfully completed its Pre-A round of financing, raising hundreds of millions of RMB. This funding round received strategic backing from its existing shareholder, NationalChip, for three consecutive rounds, and also enjoyed the joint support of the state-owned asset platform under the Shanghai Fengxian Investment Group. The proceeds from this financing will be earmarked for the research and development (R&D) as well as the iterative improvement of AI computing power chip technology, enhancing the production capabilities for low-orbit satellite terminals, and expanding market presence in Southeast Asia. Presently, Longqing Kongtian is partnering with NationalChip to craft a high-performance, low-power RISC-V general-purpose neural network accelerator, and is collaboratively developing PC and edge-side AI acceleration chips based on this cutting-edge technology.
