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Fangqing Technology closes A1 funding round at over $1.5B valuation, led by Xu Hui Capital, to support its rapid growth in the AI chip sector.

PRIVATEAug 03, 2026•6 days ago

Amount Raised

$1.5 Billion

Round Type

Venture - Series Unknown

ShanghaiBiotechnologyArtificial IntelligenceMachine Learning

Investors

Junshan CapitalGuotai Haitong Creative InvestmentCicc CapitalZhuhai Sci Tech Industrial GroupXu Hui Capital

Description

Shanghai-based Fangqing Technology has completed its A1 funding round, achieving a valuation exceeding 10 billion yuan. The round was led by Xu Hui Capital and Zhuhai Sci-Tech Industrial Group, with significant follow-on investment from existing backer Junshan Capital. This rapid financing follows a series of three rounds in six months, indicating strong institutional confidence. Fangqing is poised to innovate in the semiconductor sector with its upcoming technology.

Company Information

Company

FangQing Technology

Location

Shanghai, China

About

FangQing Technology is pioneering a novel AI architecture that separates context-aware and context-free elements within models to improve efficiency in distributed processing. The company focuses on developing advanced AI chips and has recently completed a significant angel funding round. Led by experienced CEO Liang Jun, FangQing aims to accelerate R&D and global expansion.

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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