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Chinese company Yusur raises millions in fundraising

发布日期:2022-09-20

Yusur, a leading Chinese startup that focuses on data processing units or DPUs,announced on Tuesday that it has raised several hundred million yuan in its series B round of fundraising; this marked the company's third consecutive financing rounds within just one year.

The company disclosed that the research and development of its third-generation self-developed DPU chips has come to an end, and its second-generation DPU chips were also put into production at the beginning of this year and is expected to be released soon.

Led by Financial Street Group, the fresh round also attracted the investment arm of China Construction Bank, as well as previous investors including Lingjun Investment.

According to the company, the new round of fundraising will be used to further accelerate the research and development, industrial layout and ecosystem of its DPU chips, so as to drive China's infrastructure construction on computing power.

Yusur, which is backed by the Chinese Academy of Sciences, has been developing DPUs based on its self-developed Kernel Processing Unit architecture.

It has been certificated by the Ministry of Industry and Information Technology as one of China's "little giant" companies, which refer to companies that specialize in niche sectors, command a high market share, and have strong innovative capacity and core technologies.