Fangqing Technology
About Fangqing Technology
Fangqing Technology is a Semiconductors startup based in Shanghai that has raised $215M in venture capital across 4 funding rounds since 2022. The company reached Series A stage in 2023–2025 with a null round led by Xiaomi / Hanxing Ventures, NIO Capital. Fangqing Technology's investor base includes 10 institutional funds, with NIO Capital leading the most recent equity round.
Shanghai-based AI chip startup developing a decoupled distributed computing architecture that separates feedforward neural network computation and attention mechanisms into two independent hardware modules for optimized parallel LLM inference. Founded by chip industry veterans led by CEO Liang Jun — former Cambricon CTO and Huawei HiSilicon Kirin SoC chief architect — Fangqing (昉擎科技) operates from the Shanghai Lingang New Area Free Trade Zone and has attracted backing from Xiaomi, NIO Capital, JD Technology, and major state-linked investors at a post-money valuation above RMB 10 billion.
Fangqing Technology Funding Rounds Timeline
4 rounds · $215M raised · since 2022
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Angel | 2023–2025 | Undisclosed | — | Xiaomi / Hanxing Ventures, NIO Capital | Shanghai Lingang Sci-Tech Investment, 37 Interactive Entertainment, JD Technology, Gaotu Techfin |
| Pre-Series A | December 2025 | $69M | — | — | — |
| Pre-Series A+ | March 2026 | $138M | — | — | Xinlian Private Equity, Hundsun Technologies, GF Xinde Investment, Lingang Kechuang, 37 Interactive Entertainment |
| Series A1 | August 2026 | Undisclosed | $1.4B | Xu Hui Capital, Zhuhai Sci-Tech Industrial Group | CICC Capital, Guotai Haitong Creative Investment, Junshan Capital |
Investors in Fangqing Technology
10 institutional investors across 4 rounds
Lead investors
Co-investors
Recent news about Fangqing Technology
Questions about Fangqing Technology
How much has Fangqing Technology raised?
Fangqing Technology has raised $215M across 4 funding rounds since 2022.
Who are the investors of Fangqing Technology?
Fangqing Technology's investors include NIO Capital, Xu Hui Capital, Zhuhai Sci-Tech Industrial Group, Xiaomi / Hanxing Ventures, JD Technology, 37 Interactive Entertainment, GF Xinde Investment, CICC Capital, Guotai Haitong Creative Investment, Junshan Capital.
When was Fangqing Technology's last funding round?
Fangqing Technology's most recent round was a null Angel in 2023–2025, led by Xiaomi / Hanxing Ventures, NIO Capital.
What is Fangqing Technology's valuation?
Fangqing Technology reached a $1.4B valuation (unicorn status) with its Angel round in 2023–2025.
Where is Fangqing Technology headquartered?
Fangqing Technology is headquartered in Shanghai, and was founded in 2022 by Liang Jun (CEO).