From BigGo Finance · BigGo Finance · · 1m 10s
MemSilicon Raises 400m Yuan in Series A
China's MemSilicon secures 400m yuan Series A funding with Lu Tao as CEO.
In brief
China's MemSilicon secures 400m yuan Series A funding with Lu Tao as CEO. MemSilicon raised over 400 million yuan in Series A funding led by Boyuan Capital, naming chip veteran Lu Tao as CEO to focus on RRAM and LPU for large-model inference. Originally reported by BigGo Finance.
Funding Round Announcement
MemSilicon completed Series A funding of over 400 million yuan (approximately $60.0 million) on October 19.
Investor Participation
Led by Boyuan Capital with follow-on participation from Bosch Ventures, Chuangling Capital, miHoYo, Zhongguancun Science City, GigaDevice and existing shareholders.
Lu Tao Appointed CEO
Lu Tao, former president and Greater China general manager of Graphcore, joined as CEO and co-founder.
Company Strategy
MemSilicon repositions itself around RRAM as memory foundation and LPU as compute engine for large-model inference.
Lu Tao's Background
Lu Tao has over 20 years in chip industry, previously VP of Lightelligence, president of Graphcore, and China GM of Cavium.
LPU Development Goals
First-generation LPU targets low latency, long context and high throughput for Agentic AI era.
Team Origin
MemSilicon originates from Liu Ming's team, an academician at Chinese Academy of Sciences.
The takeaway
MemSilicon raised over 400 million yuan in Series A funding led by Boyuan Capital, naming chip veteran Lu Tao as CEO to focus on RRAM and LPU for large-model inference.
