Yunqi Capital Leads Pre-A Round in Xingwang Power: Positioning at the Core of AI Computing | Yunqi Portfolio --- Yunqi Capital has led the Pre-A funding round for Xingwang Power (芯网动力), a company focused on AI computing infrastructure, as the firm continues to bet on the critical upstream layers of the artificial intelligence supply chain. The investment reflects Yunqi's strategy of targeting foundational technologies that enable next-generation AI deployment. Xingwang Power operates in the AI computing power sector, which has become an increasingly contested space as demand for training and inference capacity surges globally. Yunqi Capital, an early-stage venture fund known for investments in companies including MiniMax, has been actively deploying capital across the AI stack. Partner Chen Yu has led the firm's efforts in identifying infrastructure opportunities tied to large model development and commercialization. The round marks another addition to Yunqi's portfolio of AI-related investments, as the fund seeks to capture value at the compute layer where bottlenecks remain acute.
The Battle for Compute: From Performance to Efficiency and Security
The core of AI computing power is shifting from "performance stacking" to "efficiency and security." As applications gradually mature, the industry's center of gravity is moving from models and scale toward system-level efficiency and security capabilities — the underlying logic of computing competition is undergoing a fundamental transformation.
Xinwang Power, a core solutions provider for intelligent computing interconnect, recently completed its Pre-A round led by Yunqi Capital. With a core architecture of "converged communications + built-in security," the company is targeting the critical underlying layer of heterogeneous computing interconnect, aiming to rebuild a more efficient and controllable way of connecting computing power for the AI era.
➤ ➤ Yunqi Capital's Investment Thesis
The competition in computing power is shifting from "more powerful" to "more efficient and more secure." Xinwang Power has positioned itself at the critical underlying layer of heterogeneous computing interconnect, addressing long-standing pain points with "converged communications + built-in security," and has already completed commercial validation. It is one of the few hard-tech projects that combines both technical depth and execution capability. We look forward to the company continuing to break through during mass production and large-scale deployment, becoming a key underlying support force for the next generation of AI computing infrastructure.
The following content is from "Xinwang Power"
Recently, Shenzhen Xinwang Power Technology Co., Ltd. (hereinafter referred to as "Xinwang Power"), a core solutions provider for intelligent computing interconnect, announced the completion of its Pre-A round of financing. This round was led by Yunqi Capital, with follow-on investments from Nanshan Strategic Emerging Industry Investment, Yida Capital, Wenxin Investment, and Yuhua Capital. Angel round shareholders Junsheng Investment and Pengyi Investment also increased their stakes. The funds will be primarily used for mass production of core chips and commercial scale expansion. The completion of this round represents the capital market's full recognition of Xinwang Power's forward-looking strategic positioning, underlying technical strength, end-to-end commercialization capabilities, and long-term industrial value. It further confirms the company's high-growth certainty in the AI computing infrastructure track.
The global AI industry has currently shifted from "model breakthroughs" to a critical inflection point of "large-scale deployment, cost control, and value monetization." The competitive core of computing infrastructure has moved from single-point performance stacking to system-level efficiency improvement. Interconnect serves as the foundational bedrock for heterogeneous computing scheduling and parallel computing expansion, directly determining the efficiency ceiling and cost boundaries of computing infrastructure. On the other hand, data in high-value domains determines the upper limit of AI capabilities, while data security and compliance represent a chasm that AI must cross for large-scale application. Built-in security based on interconnect infrastructure and covering fully heterogeneous computing systems has become a core necessity for industry development.
From its inception, Xinwang Power has strategically anchored itself in intelligent computing interconnect — the core underlying track of the AI era. With "converged communications + built-in security" as its core architecture, the company has built a full-stack technical system spanning chips, software, and solutions through technical innovations in computing-network convergence and efficient heterogeneous computing interconnect. It precisely addresses the core pain points in the long-term development of AI computing infrastructure, serving as an irreplaceable foundation for future infrastructure upgrades with vast room for growth.
Xinwang Power's core moat is a mature team combining strategic vision, top-tier technical expertise, and execution capability — the critical prerequisite for success in hard-tech entrepreneurship. Core team members bring both deep experience from the world's leading semiconductor and intelligent computing industries and battle-tested entrepreneurial experience from 0 to 1. The team possesses complete full-cycle capabilities spanning chip definition, R&D, mass production, and commercial closure. It is an exceptionally rare composite team in the industry that "understands technology, understands industry, understands markets, and can execute."
The team consistently adheres to long-termism, placing customer and industry value at its core, and drives innovation through a dual-wheel approach of technology and market: maintaining precise forward-looking judgment on AI industry and technology trends with a clear strategic path, not blindly following short-term fads; while also developing pragmatic business plans with strong customer orientation, upholding the principle of "forward-looking without impatience, pragmatic without short-sightedness." This effectively avoids the common hard-tech startup failure mode of "technology spinning in a vacuum, detached from the market."
Particularly notable is that Xinwang Power has already completed a closed loop of commercial value validation during the core chip R&D phase. The company is deeply bound with multiple strategic customers, with its forward-looking technology already deployed in several national-level major projects, achieving nearly 100 million RMB in sales revenue. It has fully run through the complete chain of "technology innovation — scenario adaptation — product validation — commercial monetization." At a time when the chip industry generally faces long R&D cycles, difficult commercial validation, and high uncertainty, Xinwang Power has completed bidirectional validation of product value and market demand through an innovative business operation model, fully demonstrating its commercial execution capability. This has laid a solid foundation for chip mass production and large-scale commercial deployment, greatly locking in the high certainty of entrepreneurial success.
Following the completion of this round, Xinwang Power will fully advance the mass production of its core chips and commercial scale expansion, continuing to empower AI computing infrastructure upgrades through technology innovation, and providing solid foundations and sustained momentum for the development of the AI infrastructure industry.
