RISC-V AI Chip Startup, Innospace, Secures Hundreds of Millions in New Funding, Eyeing Cloud and Edge AI Applications
Analysis
Innospace's successful B-round funding highlights the growing investor confidence in RISC-V based AI chips. The company's focus on full-stack self-reliance, including CPU and AI cores, positions them to compete in a rapidly evolving market. However, the success will depend on their ability to scale production and secure market share against established players and other RISC-V startups.
Key Takeaways
- •Innospace raised hundreds of millions of yuan in a Series B funding round.
- •The company focuses on full-stack RISC-V AI chip development, targeting cloud and edge AI applications.
- •Innospace's first-generation RISC-V AI chip has achieved 150,000 unit shipments.
Reference
“RISC-V will become the mainstream computing system of the next era, and it is a key opportunity for the country's computing chip to achieve overtaking.”