XHEART recently announced the completion of a strategic financing round, bringing its cumulative funding to nearly RMB 5 billion.
Investors in the company include automakers and strategic industrial investors such as SAIC Motor, Chery, CXMT, CICC Renault and Joyson; investment institutions including CDH Investments, IDG Capital, GGV Capital, NIO Capital, Shunwei Capital, Blue Lake Capital, Cathay Capital, ZhenFund, Joy Capital, Gaocheng Capital, Chentao Capital, Dingpei Group, Zhongwei China, Shuimu Alumni Fund, Zhongqing Capital and Runzhang Venture Capital; and state-backed investors including the National AI Industry Investment Fund, CDB Capital, Suzhou State-Owned Investment Group, Suzhou Venture Capital, Shenzhen Capital Group, Suzhou High-Speed Rail Xincheng Capital and Shanghai Semiconductor Industry Investment. The participation of industrial capital, automaker-affiliated investors and investment institutions reflects confidence in XHEART's technology and commercialization prospects.
The financing will primarily support mass-production delivery and commercial expansion of existing chip products, as well as development of the next generation of chips.
XHEART develops core computing technology for the era of large models. Its chips are designed for large-model workloads and provide hardware support for physical AI applications such as autonomous driving and robotics. The company works with partners including Momenta and QNX to align chips, algorithms and foundational software, helping automakers worldwide accelerate the deployment of intelligent driving technology.