Moffett AI raises over US$50M in Series A+ and Series B funding rounds led by Ant Group for second-generation 'Antoum' AI processor

Apr 14, 2024•over 1 year ago

Amount Raised

$50 Million

Round Type

series a

ShanghaiArtificial IntelligenceHardware

Investors

Ant Group

Description

Moffett AI, also known as Moxin Artificial Intelligence Technology (Shanghai) Co. Ltd., has closed two rounds of financing worth hundreds of million yuan, equivalent to more than US$50 million. The Series B funding round was led by Ant Group, an affiliate of Alibaba Group.

Company Information

Company

Moffett AI

Location

Shanghai, Shanghai, China

About

Moffett is building the world’s next generation AI computation platform, from ground up. We pioneer in deep learning algorithms and build computation platform that the world has never seen - powerful, fast and extremely energy efficient.

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