Qiming backs RISC-V chipmaker Jindie Space-Time in Series B extension
What's the deal? Qiming Venture Partners has joined a Series B extension round for Jindie Space-Time, a Chinese developer of RISC-V architecture AI chips, according to corporate filings disclosed in October 2026. Other new backers include Guoxiang Capital, Shangqi Capital, Woan Robotics, C&D Emerging Investment, Biyi Co.Dealroom has a profile for this one. Try Dealroom →, CMB InternationalDealroom has a profile for this one. Try Dealroom →, Shenzhen Investment HoldingsDealroom has a profile for this one. Try Dealroom →, and Glory VenturesDealroom has a profile for this one. Try Dealroom →.
What's the company? Founded in November 2021 and based in Hangzhou, Jindie Space-Time designs terminal and cloud AI CPU chips built on the open-source RISC-V instruction set. It develops its core technology in-house, spanning RISC-V CPU cores, AI cores, interconnect buses, and software systems.
What's the endgame? The company wants to push RISC-V from embedded and edge uses into higher-performance markets such as AI computers, robotics, and cloud servers. Its first terminal AI CPU chip, the K1, shipped 150,000 units, and a second-generation chip, the K3, is set to launch.
Why now? The round follows earlier raises — a Series A worth several hundred million yuan in 2023 and a Series A+ of similar size in 2024 — both directed at product development and market expansion. The amount and terms of the latest investment have not been disclosed.
What could go wrong? With only a shareholder change on record, the deal says little about the company's commercial progress. It remains unclear whether the new investors will help Jindie Space-Time bring products to market and scale revenue.
The signal: RISC-V startups are testing whether the open-source architecture can compete beyond low-power niches against established designs like x86 and Arm. Continued investor interest in the sector suggests the thesis is gaining traction, even as individual bets stay hard to assess.
Read more: sohu.com
Image credit: Generated with Gemini
