(Image credit: Lin Zhijia, editor at TMTPost App)
AsianFin -- Biren Technology, with valuation at 15.5 billion yuan (about US$2.2 billion), has initiated the process of going public through an IPO and is currently in the tutoring stage, according to China Securities Regulatory Commission.
Shanghai State-owned Capital Pioneer AI Fund of Funds has co-led a significant investment in Biren Technology, often referred to as China's Nvidia.
The funding round that raised tens of millions of dollars also received investments from prominent investment institutions and industrial capital. This marks the first direct investment by Shanghai State-owned Capital Pioneer AI FOF, underscoring Shanghai's strategic push to bolster its AI ecosystem through state-owned investments.
Founded in 2019, Biren Technology specializes in developing original general computing systems and creating efficient software and hardware platforms. The company aims to provide integrated solutions in intelligent computing, with an initial focus on cloud-based general intelligent computing. Its long-term goal is to deliver AI training and inference solutions, achieving breakthroughs in domestically produced high-end general intelligent computing chips.
In August 2022, Biren Technology made headlines with the launch of its first general GPU chip, the BR100, based on an independently developed architecture. The chip set a global computing power record and became the first domestic product to adopt Chiplet technology, PCIe 5.0, and the CXL interconnect protocol. This achievement marked a milestone for China in the global GPU market, previously dominated by international giants.
Biren Technology has established partnerships with industry leaders across telecommunications, AI, and other sectors, including China Mobile, China Telecom, SenseTime, and the Shanghai Artificial Intelligence Laboratory.
The company has also raised over 5 billion yuan in multiple funding rounds, with backing from top investors such as Qiming Venture Partners, IDG Capital, and Hillhouse Venture Capital.
Despite being added to the U.S. Department of Commerce's "Entity List" in October 2023, Biren Technology has continued to innovate. In September 2024, the company unveiled its heterogeneous GPU collaborative training solution, HGCT, marking a breakthrough in large model heterogeneous systems.
By March 2025, Biren launched its Biren 106 series, supporting Alibaba's Tongyi QWQ-32B large model inference and demonstrating full-stack training capabilities for the DeepSeek-V3 model.
(Note: 1 USD equals 7.25 yuan)
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