SpacemiT Secures $86M Series B to Advance RISC-V Chip Commercialization for AI and Edge Applications
Analysis
Key Takeaways
- •SpacemiT, a Chinese chipmaker, raised ~$86M in a Series B funding round.
- •The funding will accelerate commercialization and business expansion.
- •The company's K1 chip is based on the RISC-V architecture and used in AI devices, robotics, and edge computing.
“Chinese chip company SpacemiT raised more than 600 million yuan ($86 million) in a fresh funding round to speed up commercialization of its products and expand its business.”