![]() ![]() The GPU sector is currently dominated by global giants such as Nvidia and Advanced Micro Devices as the field entails major technological hurdles and a high engineering threshold, said MetaX. MetaX, which was established in the Lingang Special Area of Shanghai’s Free Trade Zone, is in the business of high-performance GPU processors which are used to be associated with gaming but are now being used in artificial intelligence and cloud computing. ![]() The proceeds of the fundraiser will further support MetaX's research and development of high-performance graphics processing units, said the company. Existing shareholders, including Lightspeed China Partners, continued to invest in the firm. The latest fundraiser was jointly led by the China Structural Reform Fund and China Internet Investment Fund, the Shanghai-based company announced on its website today. 25 - MetaX Integrated Circuits, a Chinese graphics processing unit design startup that has raised billions of yuan in financing after being set up last September, has closed its CNY1 billion (USD153.8 million) Series A round of funding, led by two state-owned equity investment platforms.
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