China's ESWIN Computer Tech Raises $421M in Series D for AIoT Chips

ESWIN Computer Technology, a Chinese artificial intelligence of Things (AIoT) chip provider, has secured 3 billion yuan ($421 million) in Series D funding. The round was co-led by Beijing Financial Street Capital Operation Group and Guoxin Venture Capital. State-affiliated investors like E-town Capital, GF Qianhe Investment, and more also participated. The Beijing-based company will use the funds for research and development in its core RISC-V chip technology, which enables cost-effective integrated circuit design.

ESWIN Computer Technology, a subsidiary of Beijing ESWIN Technology Group, specializes in IoT chip development. The group is involved in integrated circuits, silicon materials, and advanced packaging and testing. The recent funding follows a previous Series C round led by Goldstone Investment and China Internet Investment Fund. RISC-V's open-source architecture has gained popularity in China, attracting investments from technology giants like Baidu. ESWIN Computer Technology aims to leverage the fresh funding to advance its RISC-V chip technology and drive innovation in the AIoT industry.