Recently, Rise Xi Intelligence, a company specializing in embodied AI high-performance computing chips, made an announcement regarding its financial achievements. The company has successfully completed its Pre-B+ and Series B funding rounds in succession, propelling its total equity financing to surpass 2.5 billion yuan by 2026.
This latest round of financing was spearheaded by the Beijing AI Industry Investment Fund, with significant contributions from a diverse array of government funds and market-oriented investment entities. Notable participants include the Beijing Robot Industry Development Investment Fund, Yinshan Capital, and Zhenxin Valley Capital. In addition, existing investors such as Shunwei Capital and Genesis Capital have demonstrated their continued confidence in the company by increasing their stakes.
The influx of capital will be predominantly allocated to support the research and development endeavors focused on next-generation embodied AI high-performance computing chips. Furthermore, it will expedite the large-scale delivery of these cutting-edge technologies and facilitate the construction of a robust industrial ecosystem.
