Moffett AI raises over US$50M in Series A+ and Series B funding rounds led by Ant Group for second-generation 'Antoum' AI processor
Amount Raised
$50 Million
Round Type
Series A
ShanghaiHardwareArtificial IntelligenceInvestors
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.
Quick answer
Moffett AI raised $50 Million in a Series A round, dated April 14, 2024. Investors: Ant Group. Moffett AI is based in Shanghai, Shanghai, China.
- How much did Moffett AI raise?
- Moffett AI raised $50 Million in a Series A round on April 14, 2024.
- Who invested in Moffett AI?
- Ant Group is named as investors in this round.
- What does Moffett AI do?
- Moffett is building the world’s next generation AI computation platform, from ground up.
- Where is Moffett AI based and how big is it?
- Moffett AI is based in Shanghai, Shanghai, China.
Source: Fundz verified event record.
Who else raised in Hardware and Artificial Intelligence around the same time
Companies in the same sectors as Moffett AI that raised within 45 days of this round, from Fundz verified event records.
- Accrete raised $600K (Seed) on April 4, 2024.
- Deepwave Digital, Inc. raised $2.1M (Seed) on March 29, 2024.
- SambaNova raised $676M (Series D) on March 28, 2024.
- Celestial AI raised $175M (Series C) on March 27, 2024.
- Celestial AI raised $174M on March 26, 2024.
- MobileX raised $1.1M (Seed) on March 15, 2024.
Who to call at Moffett AI, and when
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- An alert the day Moffett AI raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
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Funding Insights
What this usually meansMoffett AI 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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