Dacheng Assists Multiple Investors in Completing Series C Investment in AI Chip Enterprise TsingMicro

Beijing TsingMicro Technology Co., Ltd. (hereinafter referred to as “TsingMicro”) has successfully closed its Series C financing with a total fundraising of over RMB 2 billion. The round was led by Jingneng Group, with participation from Beijing Venture Capital, CIC Investment, Yuexiu Science and Technology Innovation, Chengdu Technology Innovation Investment, Huatai Zijin, Zhilu Capital, Zhongnan Bofu, Kailian Capital, Turing Assets, Hardcore Nut Capital, Tuofeng Investment, Miju Capital, Yuntai Capital, Hothink and CAS Innovation. Existing shareholders including Jingguorui (Beijing Information Industry Fund), Zhongguancun Science City Company, SenseTime Guoxiang Capital, Wenming Investment, Zhuoyuan Asia, Yuanyu Investment and Koala Fund also increased their holdings.

As a leading enterprise in the field of Coarse-Grained Reconfigurable Architecture (CGRA), TsingMicro focuses on the R&D and industrial application of reconfigurable computing chips. The company has mass-produced more than ten high-efficiency intelligent computing chips under two core product lines, which have been widely deployed in over ten large-scale intelligent computing centers across the country. Its products serve scenarios including intelligent computing centers, large AI models, autonomous driving and intelligent security. TsingMicro aims to become a benchmark listed enterprise focusing on non-GPU new-architecture chips in China.

Jingneng Group, the lead investor of this round, undertakes the construction and operation of the Beijing Artificial Intelligence Public Computing Center, and promotes the development of digital economy via the innovative “Energy + Computing Power” model. As state-owned investment platforms, Beijing Venture Capital and Jingguorui jointly participated in the financing, guiding social capital to gather in key industrial sectors.

Having represented investors in TsingMicro's previous financing round, Dacheng's team continued to act as legal counsel for multiple institutions in this Series C round, including lead investor Jingneng Group, participating investors Beijing Venture Capital, CIC Investment and Chengdu Technology Innovation Investment, as well as existing shareholder Beijing Information Industry Fund. The team provided full services including legal due diligence, drafting, review and negotiation of transaction documents, and closing assistance. The project was led by Li Biqiao (Partner), with Chen Hua and Bian Yifan as key team members.