Zhongke Digital closes C+ round, valuation nears ¥7B
What's the deal? Chinese chip developer Zhongke Digital has closed a C+ funding round, lifting its post-money valuation to nearly ¥7 billion. The round drew industrial capital and policy funds including Yangtze River Capital, Taiping Science and Technology InnovationDealroom has a profile for this one. Try Dealroom →, Shangqi Capital, Yunfeng Investment, Zhejiang Chantou, Zhiwei CapitalDealroom has a profile for this one. Try Dealroom →, and Jiantou Huake.
What's the endgame? Zhongke Digital designs specialised data processing units (DPUs). Its self-developed DPU series targets ultra-low-latency networking, big data processing, 5G edge computing, and high-speed storage.
Why now? The round pairs commercial backers with policy-driven funds, a common mix for Chinese firms working on strategically sensitive hardware. That investor base signals both market and state interest in domestic chip capability.
The signal: DPUs are increasingly central to data centre and edge infrastructure, offloading networking and storage tasks from CPUs. Backing a homegrown designer at a near-¥7 billion valuation reflects China's push to build sovereign alternatives in critical silicon.
Read more: ITjuzi
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