Domestic GPU manufacturer Muxi Co., Ltd. completed IPO guidance, and its previous valuation has reached 10 billion yuan

Passionategeekz According to June 24, on January 12 this year, Muxi Co., Ltd. and Huatai United Securities signed a counseling agreement and carried out counseling work in accordance with the “Regulations on the Supervision of Guidance and Supervision of the Initial Public Offering and Listing” and other relevant regulations and the agreement between the two parties.

According to the report, Muxi Co., Ltd. aims to list on the Science and Technology Innovation Board. The latest website of the China Securities Regulatory Commission shows that the IPO tutoring status of Muxi Co., Ltd. has been changed to “tutoring work completed”.

Muxi Co., Ltd. focuses on GPU chip design, and its products cover multiple fields such as artificial intelligence and data centers, and have a wide range of customer groups. The company plans to be listed on the Science and Technology Innovation Board, and the company’s previous valuation has reached 10 billion yuan.

Passionategeekz inquired about public information and learned that Muxi Integration was established in 2020. Its investment institutions include Guodian Fund, China Online Investment, Shanghai Science and Technology Innovation Fund, Pudong Venture Capital Group, Jingwei China, Heli Capital, Sequoia China, Lightspeed China, Guochuang Zhongding, Smart Internet Industry Fund, Xiangjiang Guotou, Lenovo Venture Capital, Qixia Capital, China Merchants Jintai, Fosun Ruizheng, Oriental Fuhai, Chuangtu Investment, etc.

On April 18, 2023, the company was selected as the “2023 Hurun Global Unicorn List” with a corporate valuation of RMB 10 billion, ranking 793; on August 29, 2024, the company was listed as the “2024 Hurun China Metauniverse Potential Enterprise List” by Hurun Research Institute, ranking 200th.

The company’s latest MXC500 Xiyun series products are said to be benchmarked against NVIDIA A100/A800, with a target FP32 computing power of 15 TFLOPS (the FP32 performance of NVIDIA A100 is 19.5 TFLOPS), adopts a general-purpose GPU architecture, and is compatible with CUDA.

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