"Lingchuan Technology" completes Series B financing of RMB 1 billion

36Kr has learned that Lingchuan Technology, an artificial intelligence chip company, has recently completed a RMB 1 billion Series B financing. The proceeds from this round of financing will be mainly used for the R&D and mass production of next-generation chips as well as global market expansion. This round is co-led by E-Town Capital Yitang Shenghe Fund, Qiming Venture Partners and Zhaohui Capital, with participation from well-known investment institutions Cathay Haitong Kaiyuan, Huakong Investment, China Life Yangtze River Delta Science and Innovation Fund, Beigong Investment, CCB Trust (Beijing) Investment, Peikun Capital, Hong Kong Science Park Venture Capital Fund, CDH Accel, Jinduo Investment, Xiamen Hengxing and Mingshi Capital, industrial investors Shixi Capital, Loongson Venture Capital and Anhui Cultural Tourism Investment. Existing shareholders Shunxi Fund, Shuimu Investment Group and Jiuzhi Capital have continued to increase their capital contributions.