Beijing Bitwise Information Technology Co., Ltd. has secured several hundred million RMB in Pre-A round financing from FuHua Capital to enhance the development of high-performance RDMA network chips for AI computing clusters.

Target Company Overview

Beijing Bitwise Information Technology Co., Ltd. (hereafter referred to as 'Bitwise') recently secured several hundred million RMB in a Pre-A round financing with participation from FuHua Capital. Founded in June 2023, Bitwise specializes in artificial intelligence computing infrastructure, focusing on providing high-performance networking solutions for training and inference of large AI models. The company's core product, a next-generation RDMA high-speed network chip, aims to significantly enhance the computing efficiency and stability of GPU clusters, addressing essential network scalability challenges faced by current AI computing centers.

Industry Overview

In recent years, the demand for AI computing power has skyrocketed, driven by the rapid iteration of large models like GPT-4 and Llama. Research from OpenAI indicates that as model parameters and training data volume increase, computing power needs to scale correspondingly. Currently, network performance has emerged as a critical bottleneck limiting the efficiency of AI clusters, consuming an average of 30% of training time due to network communication. The increasing operational complexity and cost of managing large GPU clusters further exacerbate the challenges in the sector.

The market for high-performance RDMA network cards, which closely correspond with advanced GPUs at a near 1:1 ratio, is projected to exceed 20 billion RMB in China by 2027/2028. Furthermore, there are only a fe