AI video-chip company Lingchuan Tech has closed a 1 billion yuan (about 140 million US dollars) Series B round led by Beijing E-Town Investment, Qiming Venture Partners and Zhaohui Capital, with participation from Guotai Junan and Huakong Investment.
The proceeds will fund next-generation AI video-generation chip research, mass production and global expansion. Its SL200-series chips already serve Kuaishou, Alibaba Cloud and Baidu Cloud, covering 99.7% of Kuaishou's live-stream transcoding, underscoring strong demand for dedicated AI video hardware.
