Biren Technology, a general-purpose intelligent chip design company, announced the completion of its Series B funding round — Source Code Capital participated in the investment.

源码资本·March 30, 2021·0·0

Founded just over a year ago, it has raised more than 4.7 billion yuan in total funding.

General-purpose intelligent chip design company Biren Technology recently announced the completion of its Series B funding round. In just over a year since its founding, Biren Technology has raised more than 4.7 billion yuan in total funding, setting records for both financing speed and scale in this sector and establishing itself as the fastest-growing "unicorn" enterprise. The robust capital barrier built in such a short period will serve as critical support for Biren Technology to continue attracting top industry talent, drive technological innovation, and advance large-scale commercial deployment.

Biren Technology's Series B round continued to receive strong backing from numerous well-known industrial and financial investors. This round was co-led by Ping An Insurance (Group) Company of China, Ltd., New World Group, and CGV Capital, with follow-on investments from Source Code Capital, Guosheng Group State Reform Fund, Harvest Capital, China Merchants Capital, BAI, CITIC Securities Investment, Yijing Capital, Greater Bay Area Homeland Development Fund, China-Russia Investment Fund, MSA Capital, and China Growth Capital. Existing investors IDG Capital, Yunhui Capital, and Zhuhai Dahengqin Group Co., Ltd. also continued to increase their stakes.

Since its founding, Biren Technology has not only completed multiple funding rounds led by top-tier investment firms including Qiming Venture Partners, IDG Capital, Walden International China Fund, and Hillhouse in a short timeframe, but has also achieved numerous milestone breakthroughs in product R&D and talent team building.

Founded in 2019, Biren Technology is dedicated to developing original general-purpose computing architectures, building efficient software and hardware platforms, and providing integrated solutions in the intelligent computing domain. In terms of development path, Biren Technology will first focus on cloud-based general-purpose intelligent computing, gradually catching up with existing solutions across artificial intelligence training and inference, graphics rendering, and high-performance general-purpose computing to achieve breakthroughs in domestically produced high-end general-purpose intelligent chips.

Wen Zhang, founder, chairman, and CEO of Biren Technology, stated: "High-end general-purpose intelligent chip design is both a foundational pillar and a mountain pass fraught with challenges. Ubiquitous application scenarios have made the goal of achieving domestic autonomy in general-purpose intelligent chip design a top priority for China's technological development and industrial upgrading. At the same time, the industry's characteristics of high difficulty, long cycles, and large-scale systems have deterred many entrepreneurs from entering this field. Since our founding over a year ago, Biren Technology has remained committed to our original aspiration of 'using technological innovation to power China's chips,' and our resolve to 'stand as firm as a cliff face.' By gathering industrial capital, talent, and resources, we are steadily advancing on the path to building truly internationally competitive high-end chips."