Vastai Technologies

Vastai Technologies (瀚博半导体) is a Chinese high-performance intelligent vision chip design company founded by CEO John Qian (钱军) in late 2018, drawing on his two decades of semiconductor industry experience . The company targets the gap between surging AI application demands and available computing power, focusing on cloud and edge-side video processing with real-time interactive requirements .

Its fundraising moved at exceptional speed: a $50 million Series A led by Kuaishou, Redpoint China and 5Y Capital in November 2020 was followed by a 500 million RMB Series A+ co-led by China Internet Investment Fund and Matrix Partners China less than six months later, with 5Y Capital among the follow-on investors . By December 2021 it had raised two consecutive Series B rounds totaling 1.6 billion RMB, co-led by Alibaba Group, PICC Capital, Matrix Partners China and 5Y Capital . 5Y Capital, which first backed the company at the Series A and calls it among the fastest-growing AI chip startups globally, has remained a consistent investor through multiple rounds . ZhenFund also appears as an early backer, with the company still listed among its portfolio as of 2024-2025 .

In February 2025, Vastai jointly launched a cloud phone product with China Unicom built on its domestic high-end GPU . The company has also been recognized on industry lists including the 2024 Forbes China Innovative Enterprises 50 and VENTURE50 rankings .