Moffett AI announced its Series A+ and B Funding rounds within half a year, with each round raising hundreds of million RMB. In 2021, ZhenFund participated in its Pre-A funding round.

The Moffett AI team boasts over 20 years of deep industry experience and has mass-produced over 5 billion mainstream chips. In the field of AI, Moffett's core technology is positioned as a global leader in sparse computing, with its self-developed dual-sparse algorithm holding more than 30 patents worldwide.

The funds raised in these two rounds will be used for the research and development of the company's second-generation AI chips, market expansion, and the construction of a sparse computing ecosystem.