In December 2021, VASTAI HOLDING COMPANY, a leading AI chip company, has completed its B1 and B2 rounds financing. PICC Shanghai Science and Technology Innovation Fund leaded this investment, followed by Alibaba Group, Matrix China, Wuyuan Capital and other investors. This round of financing will be used to further expand VASTAI 's leading advantage in the IC application field.
VASTAI was established in December 2018 in Shanghai, rooted in China and serving the world. The company currently has more than 300 R&D engineers located in Shanghai, Beijing, Shenzhen, Xi'an, Chengdu and Toronto, Canada. The company's first server-level AI inference chip SV102 and universal accelerator card VA1 were released at the World Artificial Intelligence Conference in July 2021, and will be mass-produced soon.
PICC Science and Technology Innovation Fund is an insurance private equity investment fund focused on technological innovation managed by PICC Equity Co., Ltd., a subsidiary of PICC Capital, with a scale of 3 billion yuan in the first phase. PICC Equity Co., Ltd. implements the investment philosophy of "research-driven, insight into the future, and leading change", with the application of in-depth research, forward-looking perspective, influential investment, technological innovation focus, striving to satisfy the expectation for a better life.
Acting for PICC, Llinks provided legal services covering due diligence, draft, negotiation, revision and finalization of the transaction documents, and closing services.
Llinks Team:
Partners: Selena She, Colin Shi
Associates: Joyce Zhang
