SpacemiT

SpacemiT (进迭时空) is a RISC-V chip company founded and led by CEO Chen Zhijian, based in Hangzhou . It develops high-performance RISC-V CPU chips and, more recently, computing solutions for embodied intelligence — it was among the first to apply the RISC-V architecture to robot-specific chips, with real-scenario validation completed, per Qiming Venture Partners . Its K3 chip, released in early 2026, is described as the world's first mass-produced RISC-V chip compliant with the RVA23 specification . Chen has framed the bet as "端云一体化" reshaping AI compute, with RISC-V's open architecture as a potential path for Chinese chips to break through global competition . On the cap table, ZhenFund was an angel investor — the company announced an A+ round of several hundred million yuan in late 2024 — and Qiming Venture Partners is also an investor .