Moxing Artificial Intelligence has successfully raised hundreds of millions in two financing rounds led by prominent investors, aimed at advancing its dual-sparsity AI chip technology and addressing escalating computational demands.

Target Company Overview

Moxing Artificial Intelligence, a leader in sparse computing, has successfully completed two rounds of financing totaling hundreds of millions of RMB within a six-month period. The most recent B round was led by Ant Group, with Shengjing Jiacheng participating. Prior to that, the A+ round financing was led by Jinpu Investment Shanghai Fintech Fund, accompanied by various venture capital firms including BGI Suno and Yanshan Technology. Moxing, founded in 2018 and headquartered in Shenzhen, China, has established branches in Shanghai, Beijing, and internationally. The company comprises a team of industry experts with over 20 years of deep experience and has mass-produced over 5 billion mainstream chips. Moxing is recognized for its differentiated approach to sparse computing, having invented the dual-sparsity algorithm and holds more than 30 patents globally.

Sparse computing is recognized as a next-generation AI computing technology, distinguishing itself from dense computation by leveraging the inherent sparsity in AI models. This method mimics brain-like computation, only processing useful elements. Moxing's dual-sparsity technology involves both weight and activation sparsity, providing substantial efficiency gains compared to traditional methods. The company has developed an integrated smart computing platform that significantly optimizes performance and cost, delivering high computational capacity, low power consumption, and a high cost-performance ratio for AI services.

Industry Overview in China

The AI chip industry in China is rapidly evolving, driven by increasing demand for computational power across various applications such as Internet service, life sciences, and data analytics. The proliferation of big data is creating a pressing need for high-performance computing solutions that can hand