International Electronics News, 13th Report – GPU unicorn Biren Technology secures another round of funding ahead of its IPO. According to an announcement from the Shanghai Guotou Xiandao Fund, the Shanghai Guotou Xiandao Artificial Intelligence Industry Mother Fund recently co-led an investment in the domestic GPU unicorn Biren Technology, with several investment institutions and industrial capital participating as follow-on investors.
Neither Biren nor the Shanghai Guotou Xiandao Fund disclosed the specific amount of funding, but market rumors suggest it amounts to several billion yuan (RMB).
Founded in 2019, Biren Technology focuses on the high-performance general-purpose GPU field, aiming to build an independent and original high-performance GPU software and hardware system and create a domestic intelligent computing industry ecosystem. The company's first-generation general-purpose GPU product, based on an original training-inference integrated chip architecture, has already been deployed in multiple intelligent computing centers. Biren Technology has achieved China's first mixed training technology for four or more heterogeneous chips, breaking through the challenge of computing power isolation. Its partners include the Shanghai Artificial Intelligence Laboratory, ZTE, China Mobile, and China Telecom.
Since its establishment, Biren Technology has undergone multiple rounds of financing. In June 2020, the company completed its Series A funding round, raising a total of 1.1 billion yuan, setting a new record in the chip design field in recent years. In August 2020, it completed a Pre-B round, bringing its cumulative financing to nearly 2 billion yuan. By March 2021, it had completed its Series B round, with cumulative financing exceeding 4.7 billion yuan. As of 2024, its valuation has reached 15.5 billion yuan, ranking 495th on the 2024 Global Unicorn List.
In September 2024, Biren initiated its A-share IPO辅导 (pre-IPO guidance). In February 2025, news emerged that the company planned to raise $300 million in Hong Kong. Now, with this significant state-backed investment, Biren is further bolstered as it moves toward its IPO.