MetaX
沐曦股份
MetaX (沐曦集成电路) is a Chinese GPU chip design company positioning itself as a domestic alternative for high-performance general-purpose GPUs, with a focus on AI inference and general computing to reduce reliance on foreign suppliers . Its STAR Market IPO application was approved by the Shanghai Stock Exchange listing committee in October 2025, with plans to raise 3.9 billion yuan . The company's core team averages roughly 20 years of experience in high-performance GPU development, having worked on more than 10 top-tier GPU products previously .
On the capitalization side, MetaX drew early backing from ZhenFund, which invested in two consecutive rounds , and from Matrix Partners China, which became its second-largest institutional shareholder through six follow-on rounds led by partner Huadong Wang . Monolith, the firm founded by former Sequoia partner Xi Cao, also invested and counted MetaX among the portfolio companies that helped Cao rank 38th on the 2026 Forbes Midas List . Other investors named in the corpus include Luminous Ventures, Wang Huadong as an individual, and Cao Xi as an individual .
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Coverage
Monolith's Xi Cao Named to Forbes 2026 Midas List
Made the list for two consecutive years on the strength of investments in MetaX, Unitree, and other companies.
Monolith砺思资本·Spring Sets the Stage | Z News
Let's look back at the highlights from the past three months — and we invite you to witness the growth of our portfolio companies and what's new at ZhenFund.
真格基金·MONOLITH in Everyone's Eyes — Striving to Be a Honey Badger
Transparent, sincere, truth-seeking
Monolith砺思资本·A New Beginning | Z News
We’re looking back on the highlights from the past month of January, and we invite you to join us in witnessing the growth of our portfolio companies and what’s new at ZhenFund.
真格基金·Heading into 2026 with MONOLITH
Happy New Year!
Monolith砺思资本·The True Story of Huadong Wang
"He's the Haruki Murakami of China's investment world."
elsewhere别处发生·Vol.002 | A Conversation with Huadong Wang: Living a Haruki Murakami Life
elsewhere别处发生·Huadong Wang: I read 30 books this year. Here is my annual reading list | End of 2025
Diligence, distillation, execution.
暗涌Waves·Monolith Portfolio Company MetaX Lists on STAR Market
We have deep conviction in both the explosive growth potential and long-term staying power of China's domestic computing power market.
Monolith砺思资本·ZhenFund's early-stage portfolio company Moxi, which received two consecutive rounds of investment, lists on the STAR Market
One of China's leading domestic high-performance general-purpose GPU companies.
真格基金·MONOLITH Turns Four: Dual-Currency Fund Oversubscribed, Continued Focus on Early-Stage Startups
Finding the Best Companies in the Biggest Shifts
Monolith砺思资本·Monolith Raises $488 Million in New Funding
Assets under management exceed 10 billion RMB.
暗涌Waves·Another VC Rebrands with a New Name
The twentieth year of local iteration.
暗涌Waves·Monolith portfolio company MetaX Technology passes IPO review on STAR Market
A landmark event in the capitalization of China's domestic GPU industry
Monolith砺思资本·ZhenFund Early-Stage Project MetaX Clears STAR Market IPO Review
Proceeds from this fund raise will primarily go toward R&D and commercialization of new high-performance general-purpose GPUs, next-generation AI inference GPUs, and related projects.
真格基金·Venture Where No One Has Gone Before | Z News
July is drawing to a close, and we invite you to join us in witnessing the growth of our portfolio companies and what's new at ZhenFund.
真格基金·The Future Never Favors the Spectator | Monolith Monthly
Document every step forward.
Monolith砺思资本·The Wind Still Howls Where No One Stands | Monolith Monthly
Every step is worth recording.
Monolith砺思资本·ZhenFund Tops the "2024 Best Early-Stage VC Firms in China" List | Z News
ZhenFund and its portfolio companies received a total of 10 recognitions.
真格基金·Monolith ranked among the top 30 best foreign VC firms on the ChinaVenture list in Q1, among 27 total honors.
Every achievement owes itself to the founders' foresight and hands-on execution.
Monolith砺思资本·Wanwu Capital Looks Ahead, Keeps Moving | Z News
Spring brings new beginnings; the future holds infinite promise.
真格基金·Kerry Han Lands His First Fundraise of 2025, Says He'll Reject All US Dollars
The sentimental Han Yan told an even more sentimental story.
暗涌Waves·The year draws to a close; a new chapter begins | Z News
A warm winter for good things.
真格基金·ZhenFund Angel Project "Hyde Hydrogen Energy" Announces Completion of New Funding Round | Z News
China's most innovative green hydrogen technology company.
真格基金·ZhenFund-Backed LuminWave Raises Tens of Millions of Yuan in C2 Round | Z News
The proceeds from this round will go toward rapid R&D iteration and mass production of high-end 3D camera chips.
真格基金·ZhenFund Early-Stage Project "NIP Group" Officially Lists on Nasdaq: China's First Esports Stock Is Born | Z News
Warm congratulations to NIP Group, the "first esports stock of China"!
真格基金·Entrepreneurship is a climb where the journey itself is the reward.
The journey is the reward.
Monolith砺思资本·Xi Cao of Lisi Capital and His Eleven Luo Han --- Wait — let me reconsider. "十一罗汉" is almost certainly a reference to *Ocean's Eleven* (the film), used here as a playful nickname for his team. Let me adjust: Xi Cao of Lisi Capital and His Ocean's Eleven
Starting a business is like climbing a mountain — the meaning lies in the climb itself.
暗涌Waves·



























