Seeds | EVAS Intelligence Secures 1.5 Billion Yuan Series B Funding

Why It Matters

The infusion accelerates EVAS’s ability to scale Chinese‑made AI compute, challenging incumbent foreign chip suppliers. It also signals heightened investor appetite for homegrown semiconductor solutions as AI workloads surge.

Key Takeaways

• EVAS raised 1.5 bn yuan (~$210 m) Series B funding
• Funding targets mass production of Epoch AI chips
• Company focuses on RISC‑V AI chips with TPU‑like architecture
• Plans include next flagship chip and global market expansion
• Ecosystem investors include multiple Beijing AI and industrial funds

Pulse Analysis

EVAS Intelligence, a Beijing‑based startup founded in 2022, announced a Series B round that raised 1.5 billion yuan, roughly $210 million. The round was co‑led by several Beijing‑focused funds, including the Industrial Upgrade Fund and AI Industry Investment Fund, with participation from existing backers such as Heli Capital and Boni Capital. EVAS says the capital will accelerate mass production of its Epoch series, fund the next flagship RISC‑V AI chip, and support a broader software‑hardware ecosystem. The infusion underscores growing investor confidence in home‑grown AI silicon.

The Epoch line distinguishes itself by marrying a TPU‑style architecture with the open‑source RISC‑V instruction set, offering native FP8 quantization and compatibility with ultra‑low‑precision formats like FP4 and MXFP4. Designed for large‑model training and deep‑learning workloads, the chips aim to deliver high efficiency without sacrificing accuracy. By delivering a full product stack—chips, PCIe cards, servers, and compute clusters—EVAS positions itself to compete with established players such as Nvidia and Intel, while catering to Chinese manufacturers seeking domestically sourced AI hardware.

Beyond product development, EVAS plans to leverage the new funding for global expansion, targeting data‑center operators and AI‑focused enterprises abroad. If successful, the company could accelerate the adoption of RISC‑V AI infrastructure, reducing reliance on foreign silicon and reshaping the competitive landscape. The move also signals a broader trend of Chinese venture capital backing advanced semiconductor ventures, a development that may prompt multinational chipmakers to reassess supply‑chain strategies and partnership models in the AI era.