News Snapshot:
Tom Kang February 26, 2021 Moore Thread, a Chinese GPU chip design company, announced on February 25 that it has raised two rounds of funding totaling billions of RMB. The Pre-A round was led by Shenzhen Capital Group, Sequoia Capital, and GGV Capital, with other investors including China Merchants Group and ByteDance participating. The funds will be used to drive technology development, early market expansion, and follow-on product development, the company said. Founded in October 2020, Moore Thread says its core members come from NVIDIA, Microsoft, Intel, AMD, Arm, and others, with key members having more than 10+ years of...
