Inference Chip Manufacturer Moffett AI Raises Nearly 1 Billion Yuan in Series C+ Funding Round

Nanochap, a Hangzhou-based company specializing in developing brain-computer interfaces for vision restoration, announced that it raised 500 million yuan in a Series C+ round on November 3rd.

Gaorong Ventures led this round, with participation from PICC Equity, Monolith, and C&D Emerging Industry Investment among other investors.

This is the second funding round for Nanochap this year, bringing the company's total raised capital to 1 billion yuan. Founded in 2014, the company develops neural chips and implantable systems using two methods: retinal stimulation and modulation of the visual cortex.

According to the company, its 320-channel retinal interface has already entered clinical trials, involving three participants. Additionally, the 1280-channel visual cortex interface is under development and is scheduled for clinical testing.

Nano-core Chip, a developer of chips for artificial intelligence inference, based in Hangzhou, announced on October 28 that it raised over 1 billion yuan in its Series C2 funding round.

JianTou Investment led this round, with participation from Hangzhou Capital, Kaitai Capital, and other investors.

The company plans to use the raised funds for product development and preparation for mass production. Nano-core Chip was founded in 2021 and was incubated at the research institute of Peking University in Zhejiang Province.

The company creates chips that integrate three components: three-dimensional computing with near memory, in-memory computing, and RISC-V-based processing.

The company's product range is oriented towards both devices and cloud infrastructure. It was stated that the first three chips have passed the tape-out stage, and customer sample selection and initial volume shipments are planned for early 2027. This latest funding followed a Series C1 round of 1 billion yuan announced in September.

The robotics startup Gewu Tongzhi, based in Hangzhou, has completed an angel funding round worth nearly 100 million yuan, according to reports published on October 18. Investors included Hongfu Asset Management, Peak Investment, Hangzhou Capital, and Hangzhou Talent Group.

The company was founded in 2026 and is engaged in developing artificial intelligence for dexterous robotic manipulation. It combines global models with physical interaction-based learning.

Founder and CEO Cai Jia previously worked in the research laboratories and automotive business of Huawei, participating in the development of the company's ADS autonomous driving systems.

The raised funds will be used for model training, hardware development, personnel recruitment, and real-world data collection. Gewu Tongzhi collaborates with clients in the textile, optical module, and automotive component sectors on conceptual validation projects, with the first delivery expected by the end of 2026.