Valuation: 16 billion yuan! AI chip unicorn Suiyuan Technology sprints for A-share IPO, Tencent holds more than 20%

There is another big news in the field of AI computing chips! Domestic AI chip design company Enflame Technology (full name: Shanghai Enflame Technology Co., Ltd.) has officially started the A-share listing guidance process. According to the latest announcement of the China Securities Regulatory Commission, Enflame Technology signed a listing guidance agreement with CICC on August 23, officially starting the A-share IPO process.

According to information, Suiyuan Technology was founded in 2018 and focuses on the research and development of cloud computing products in the field of artificial intelligence. Their products cover AI accelerator cards, intelligent computing clusters, and related software and platforms. The company's founders Zhao Lidong and Zhang Yalin both have a deep technical background. Zhao Lidong graduated from Tsinghua University and has worked in the semiconductor industry in Silicon Valley for more than 20 years, while Zhang Yalin has worked at AMD for 11 years and has accumulated rich engineering experience.

Valuation: 16 billion yuan! AI chip unicorn Suiyuan Technology sprints for A-share IPO, Tencent holds more than 20%

One year after its establishment, Suiyuan Technology launched its first-generation AI training chip, Suisi 1.0. Now it has developed to the second-generation Suisi 2.0 and has developed a number of AI inference chips.

Since its establishment, Enflame has completed ten rounds of financing in just six years, with a total financing amount of nearly RMB 7 billion.unicornList,The valuation of Enflame has reached RMB 16 billion.Ranked 482nd in the world.

Currently, Tencent, the National Semiconductor Fund and a number of state-owned institutions are shareholders of Suiyuan Technology, among which Tencent is the largest shareholder, with a shareholding ratio of approximately 20.49%.

Valuation: 16 billion yuan! AI chip unicorn Suiyuan Technology sprints for A-share IPO, Tencent holds more than 20%

The future of Suiyuan Technology is highly anticipated. The founders hold the same proportion of shares, each holding 10.83% of shares, and together control 32.51% of voting rights. Currently, no single shareholder controls more than 30% of shares.

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