Chip Company Witmem Raises CNY 100 Million from Series B+ Funding Round

 Witmem Technology is a high-tech enterprise focusing on developing computing-in-memory chips and system solutions. It officially announced the completion of a CNY 100 million (USD 13.9 million) Series B+ financing round, led by Shenzhen Capital Group.

Beijing Zhicun (Witmem) Technology Corporation (Chinese: 北京知存科技有限公司), an innovative technology company focusing on the field of computing-in-memory chips and system solutions, recently completed a CNY 100 million (USD 13.9 million)  Series B+ funding round, led by Shenzhen Capital Group, with participation by Guokai Technology Venture Investment. Witmen Technology will use the capital for R&D investment, expanding product lines and mass production.

It is worth mentioning that Witmen Technology just completed CNY 200 million Series B financing round in January 2022, led by LHVENTURES investment company, with participation by Heaven-Sent Capital Management Group, Shenzhen Ruixin Investment company and existing shareholders.

Witmem designs computing-in-memory technology for neural networks processing noise and health information. Its SoC chips and development toolkit could implement speech recognition into wearable electronic devices and smart home appliances, delivering high-quality services such as speech noise reduction, health status monitoring and speech recognition to customers.

Through continuous technical innovation, Witmem Technology developed the first computing-in-memory chips for audio in 2019 and achieved volume production of this technology in ultra-low-power neural processing SoC that streamlines and improves speech processing performance in intelligent voice and health products in 2022.

Sourse: Chip Company Witinmem Raises CNY 100 Million from Series B+ Funding Round | EqualOcean