NIO Capital has led an angel round investment in Fangqing Technology, which specializes in advanced distributed computing solutions, aiming to capitalize on the growing demand for AI-driven computing systems.

Target Information

Fangqing Technology recently announced the successful completion of its angel round financing, securing several hundred million yuan. NIO Capital participated in this financing and led the angel+ round. Fangqing Technology is focused on the development of a distributed computing architecture that accommodates both context-aware and context-agnostic applications. The funds raised will be allocated towards core technology research and development, product maturation, ecosystem enhancement, and market expansion, solidifying the company’s competitive edge in the industry.

Notably, Mr. Liang Jun, a leading figure in the chip industry, joined the company as CEO in August 2024. With over 20 years of experience in chip design, he previously held roles as the CTO of Cambricon Technology and Chief Architect at HiSilicon’s Kirin SoC. His expertise is expected to bolster Fangqing Technology’s strategic direction and innovation capabilities.

Industry Overview

The chip industry in China is experiencing rapid evolution with a strong push towards innovation and technological advancement. With the increasing demands in artificial intelligence (AI), the need for highly efficient