Page 3 - Enflame Technology News Today

Clarity 3D Solver Cloud integrates on-premises simulation setup with cloud computation and acceleration at no additional cost Highlights: Simple yet powerful push-button interface initiates... | May 26, 2021

Chinese AI firm 4Paradigm pockets $700m led by Boyu, Primavera, Hopu Source: Andy Kelly/Unsplash Premium Chinese artificial intelligence (AI) giant 4Paradigm has raked in $700 million in a Series D round of financing jointly led by the country’s private equity (PE) companies Boyu Capital, Primavera Capital, and Hopu Investments, the firm announced in a statement on Friday. Continue reading this story with a subscription to DealStreetAsia. Contact us for cor...

China-focused growth equity investor Oceanpine closes DeepTech Fund at $400m Beijing, China. Source: Li Yang/Unsplash Premium Beijing-based growth equity investor Oceanpine Capital has held the final closing of its second US dollar fund, Oceanpine DeepTech Fund, at $400 million to make new bets on deeptech and innovative growth-stage companies in China’s TMT and biotech sectors. Continue reading this story with a subscription to DealStreetAsia. Contact us f...

Tencent invests in Chinese A.I. chip start-up as part of $279 million funding round CNBC 1/6/2021 Arjun Kharpal Tencent along with a number of investors including CITIC, CICC Capital and Primavera invested 1.8 billion yuan ($278.5 million) in Shanghai-headquartered Enflame Technology. Enflame Technology makes chips designed to process huge amount of data to train artificial intelligence systems. China has been looking to ramp up its capabilities in both AI and semiconductors a...

Oceanpine Capital Hits $400Mn Final Close of Fund II In the time of unprecedented uncertainties, Oceanpine Capital Fund II successfully held its $400M final closing of Fund II as scheduled. Partnering with world-class entrepreneurs; investing in DeepTech arena and innovative growth companies in both TMT and Biotech sectors that are the driving force of the future economy in the New Norm. News provided by Share this article Share this article BEIJING, Dec. 28, 2020 /PRNewswire/ -- This is the fi...