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 experience in GPU drivers, compilation, AI chips, and software algorithms.
Moore Thread says it is a mature team that can cover the complete structure of GPU R&D and design, manufacturing, marketing and sales, and service support.
Moore Thread says the founders have more than 15 years of experience in the industry and have led the world's top chip companies to develop the China GPU ecosystem.
Rumor has it that Moore Thread's founder is James Zhang Jianzhong, NVIDIA's global vice president and general manager of China.
Zhang joined NVIDIA in May 2005 and has been with the company for over 15 years, and is rumored to have left NVIDIA in last September, while Moore Thread was registered last October.