Moore Thread, a young Chinese company, announced the fundraising in the first round of fundraising yesterday. The registration of the company took place a hundred days ago – in October last year, but this did not prevent Moore Thread from collecting an impressive amount for further work. Chinese investors, represented by a number of large Asian funds and even ByteDance, literally flooded the newcomer with billions of yuan in money. What is the secret of attractiveness?
It turns out that the core developer of Moore Thread is made up of veterans from NVIDIA, Microsoft, Intel, AMD, Arm, and other companies with over a decade of experience. The founders of the company have over 15 years of industry experience and practice leading the world’s leading chip manufacturers, as well as skills in developing the GPU ecosystem in China.
According to unconfirmed reports, the founder of Moore Thread is James Zhang Jianzhong, former global vice president and general manager of NVIDIA in China. Zhang joined NVIDIA in May 2005, worked at the company for over 15 years, and is rumored to leave NVIDIA in September last year, and Moore Thread was incorporated a month after that event.
In the first round of fundraising, the company received money from Shenzhen Capital Group, Sequoia Capital, GGV Capital, China Merchants Group, ByteDance and a number of other investors. We are talking about several hundred million US dollars, but the exact amount has not been reported. The money, the company says, will be used to stimulate technology development, early market expansion and subsequent product development.
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