May 2020, Chinese AI cloud computing platform Enflame Technology announced the completion of a RMB700 million series B financing led by SummitView Capital, a venture capital fund that focuses on semiconductor investments in China. Tencent, Shanghai Innovative Capital, Oceanpine Capital, Wanwu Capital, Delta Capital and Redpoint China Ventures (listed in no particular order) participated in this round as the co-investors.
Enflame Technology is the first Chinese AI startup focusing on the development of advanced AI training platform solutions for cloud data centers. The startup is, currently, working with customers in depth cooperation to meet the differentiated needs of various AI application scenarios, and to realize business landing and scale.
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