Xiwang secures nearly 3 billion in financing

36Kr learned that Xiwang announced that it had completed a strategic financing of nearly 3 billion yuan within one year. The investors include industrial investors such as Huaxu Fund under Sany Group, Paradigm Intelligence, Hangzhou Data Group, Zhengda Robot, GCL Technology, Youzu Networks, and Beijing Lier; domestic VC/PE institutions such as Wuji Capital, IDG Capital, Xin Capital, Banyan Fund, CICC Capital, Puhua Capital, Songhe Capital, E Fund Capital, ICBC Investment, Haitong Kaiyuan, Yuexiu Industrial Fund, Yintai Investment, Guoyuan Fund, Guangdong Minmetals Investment, and Huamin Investment; and it also received support from state-owned capital such as Chengtong Mixed - Ownership Reform Fund, Hangzhou Jin Investment, and Hangzhou High - tech Jin Investment. The raised funds will be specifically used for the R & D of core technologies of next - generation inference GPUs, large - scale mass production, and ecological co - construction.