Fundz

Bitcoin Miner Canaan Secures $50 Million Boost for Growth

PUBLIC · CANJan 26, 2024

Amount Raised

$50 Million

Round Type

Funding Round

SingaporeSoftwareSemiconductors

Description

Canaan secured a $50 million boost for growth through sales in preferred shares, with the funding to be used for research, development, and operations. This recent funding adds to the $25 million raise in November 2019, demonstrating investor optimism despite market challenges.

Who else raised in Semiconductors and Software around the same time

Companies in the same sectors as Canaan that raised within 45 days of this round, from Fundz verified event records.

  • Steadybit raised $6M (Series A) on March 11, 2024.
  • Ocient raised $49M (Series B) on March 11, 2024.
  • Guardrails AI raised $7.5M (Seed) on March 11, 2024.
  • PeopleForce raised $2M (Seed) on March 11, 2024.
  • SuperAGI raised $10M (Series A) on March 11, 2024.
  • Neuron7.ai raised an undisclosed amount (Corporate Round) on March 11, 2024.

Who to call at Canaan, and when

A new round usually means Canaan is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Canaan raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Canaan, from your own LinkedIn network

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Company Information

Company

Canaan

Location

28 Ayer Rajah Cres

Singapore, Southeast Asia, Singapore

About

Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan's vision is "super computing is what we do, social enrichment is why we do it." Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, under the leadership of Mr. Nangeng Zhang, founder and CEO, Canaan's founding team shipped to its customers the world's first batch of mining machines incorporating ASIC technology in Bitcoin's history under the brand name, Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/.

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Related People

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Verified contactsChristopher C., Vice President of Sales and Commercial… hidden hidden hiddenSee plans and pricing
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Canaan raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.