Sunrise (曦望科技)

Sunrise (曦望科技) is a Semiconductors startup based in China that has raised $550M in venture capital across 7 funding rounds since 2020. The company reached Series G stage in April 2026 with a $140M round led by institutional investors at a $1.4B valuation. Sunrise (曦望科技)'s investor base includes 6 institutional funds, with its lead investor leading the most recent equity round.

Sunrise (曦望科技) is a Chinese AI inference GPU company that originated as the chip division of SenseTime Group in 2020 and was spun out as an independent entity in late 2024. It is led by co-CEOs Wang Zhan, a founding member of Baidu who oversees commercialization and fundraising, and Wang Yong, a chip engineering veteran with experience at AMD, Baidu, and SenseTime. Sunrise specializes in high-performance inference GPUs designed to deliver cost-effective AI compute for the inference phase of LLM workloads. Its flagship product, the Qiwang S3, is an inference-specialized GPU that the company claims can cut inference costs by up to ten times through architectural innovations. With AI inference demand projected to reach four to five times that of training by 2026—and inference compute rental prices rising nearly 40% in six months—Sunrise is positioned to capture demand from cloud providers and enterprises deploying production AI. As of early 2026, the company had completed seven funding rounds totaling approximately RMB 4 billion ($550M+), becoming the first unicorn in China's pure-play inference GPU segment with a valuation exceeding RMB 10 billion. Investors include Huaxu Capital, IDG Capital, Gaorong Ventures, CICC Capital, Puhua Capital, Green Pine Capital Partners, 4Paradigm, and Yuexiu Industrial Fund.

Co-investors

• FundingChina's Sunrise Raises Over $140 Million for AI Inference Chip PushApril 2026