AI Chip Startup Evos Intelligence Secures $2.8 Billion in New Funding

Chinese RISC-V-based AI computing chip company Evos Intelligence (EVAS Intelligence) has reportedly secured a new round of funding worth approximately 2 billion yuan ($280 million), with an estimated post-investment valuation of about 15 billion yuan ($2.1 billion). Chinese media Jiemian reported on October 18 that over 20 investment institutions, including Huatai Zhongxin, Zhongding Capital, China International Capital Corporation, and Zhiwan Medical, participated in the funding round.

Evos Intelligence recently raised a B-round of 1.5 billion yuan ($210 million) earlier this year and received strategic investment from China Mobile. The company has now moved into mass production and shipment for its first-generation Epoch AI computing chip, while its next-generation cloud computing chip has completed tape-out.