China AI chip designer Vastai raises $50m
Vastai Technologies, a China-based chip designer, has raised $50 million in Series A funding led by video-sharing platform Kuaishou, Redpoint China Ventures, and 5Y Capital.
SAIF Partners China also took part in the round. Meanwhile, all existing investors re-upped, including ZhenFund, Sirius Capital and Glory Ventures. Founded in 2018, Vastai is a spinout from the China operation...
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