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Founded Year



Series D | Alive

Total Raised


About Iluvatar CoreX

Iluvatar CoreXdevelops computing solutions including a System-on-a-Chip (SoC) chipset and its proprietary software platform. It focuses on enterprise-grade products and solutions and also develops domain-specific, data-centric solutions for specific AI applications using its chipset and platform software. The company was founded in 2015 and is based in Shanghai, China.

Iluvatar CoreX Headquarter Location

Building Y2, Pudong Software Park, No. 112 Liangxiu Road, Pudong New Area

Shanghai, Shanghai,



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Expert Collections containing Iluvatar CoreX

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Iluvatar CoreX is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.


Unicorns- Billion Dollar Startups

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Artificial Intelligence

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This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.


Semiconductors, Chips, and Advanced Electronics

6,037 items

Companies in this collection develop everything from microprocessors to flash memory, integrated circuits specifically for quantum computing and artificial intelligence to OLED for displays, massive production fabs to circuit design firms, and everything in between.

Latest Iluvatar CoreX News

In Depth: Chinese Chipmaking Upstarts Race to Rival Nvidia

Aug 11, 2021

In Depth: Chinese Chipmaking Upstarts Race to Rival Nvidia Several Chinese frontrunners have jumped into the race, attracting investors’ attention. Chinese venture capital is pouring into development of the next generation of microprocessors as Chinese startups race to challenge the dominance of the U.S. chipmaking giant Nvidia Corp. Investment in the new generation of General Purpose Graphics Processing Units (GPGPUs), an advanced kind of computing chip, has been booming as venture capital bets on the growing Chinese industry. While traditional graphic processing units (GPUs) render images on computers, GPGPUs are designed to harness data processing power for artificial intelligence (AI) computing. Several Chinese frontrunners have jumped into the race, attracting investors’ attention. Beijing has been pushing for more self-reliance in semiconductors, and a global chip shortage has created an opportunity for Chinese companies to make breakthroughs. Aiming to leapfrog to the next generation of integrated circuit technology, the crowded field of Chinese startups has been recruiting veterans of Nvidia itself and other leading semiconductor companies. One is artificial intelligence chipmaker Iluvatar CoreX, founded in 2015. In March, it unveiled China’s first GPGPU built using advanced 7 nanometer (nm) technology — an indication of how many transistors can be packed into a computing chip. Another is Shanghai-based Biren Technology, with a valuation of more than 10 billion yuan ($1.5 billion). It managed to raise 4.7 billion yuan from more than 40 investors since its founding in 2019. Investors included Hillhouse Group, Walden International China and BAI Capital. MetaX Integrated Circuit was set up in 2020 and attracted investment from Lightspeed China Partners, Sequoia Capital and ZhenFund. The two founders both previously worked for the U.S. semiconductor giant Advanced Micro Devices Inc. (AMD). Newcomer Moore Threads Technology Co. raised several billion yuan in two rounds of financing within 100 days of its founding. Although the upstarts have generated plenty of enthusiasm while raising significant funds, investors and leaders of the companies acknowledge that taking on the likes of Nvidia is no easy challenge. No more than one or two of the companies will survive because it will take billions of dollars to build up a software ecosystem comparable to Nvidia’s, according to one chip industry investor. “First, we should develop a product and start product iteration,” said Diao Shijing, chairman and CEO of Iluvatar CoreX. “I don't think anyone will surprise the world or disrupt the industry with its very first product, and it definitely will need constant refinement." Rising trend At the same time, the Chinese startups stand on the edge of a tremendous opportunity, said Wang Endong, executive president and chief scientist of cloud computing and big data provider Inspur. He predicted that demand for AI computing chips to power deep machine learning will grow exponentially. In 2020, computing by AI accelerator chips — special integrated circuits designed for artificial intelligence applications such as GPGPUs — surpassed computing by the conventional central processing units, or CPUs, that have powered computers for decades, Wang said. “AI accelerator chips will account for more than 80% of overall computing power by 2025,” Wang said. Nvidia captured the lead in AI technology over the past decade, making GPUs a standard for artificial intelligence processing. The company’s share price rose more than 25-fold in the past five years, giving it a market value of more than $450 billion, second behind Taiwan Semiconductor Manufacturing Co. “We have invested tens of billions of dollars in GPUs over the past 30 years, and only in this one area,” Nvidia founder Jensen Huang said in a June 2 video interview with Caixin at the company’s U.S. headquarters. "I can certainly understand why it will spawn so many competitors in light of such a huge market.” In 2020, China's semiconductor industry attracted venture capital investment of more than 140 billion yuan, surpassing the internet as the most attractive sector, according to data from the U.S. corporate law firm Katten Muchin Rosenman, which has departments focusing on intellectual property and technology. In the first five months of 2021, about 164 Chinese semiconductor companies received investments, with total financing of more than 40 billion yuan, close to the level of the full year 2019, according to Katten Muchin. Nvidia challengers The new wave of Chinese chip startups is led by Shanghai-based Biren. Founder Michael Zhang is the former president of the AI startup Sense Time and a former U.S. lawyer. Zhang recruited his core management from industry veterans in the U.S., including Chief Technical Officer and Chief Architect Mike Hong. Hong helped build Huawei’s GPU research and development team in the U.S. in 2016 and also worked for Nvidia. “This team's previous work experience covers the entire chipmaking process," said Xing Yaopeng, senior investment manager at BAI Capital, an investor in Biren. Biren started operation in November 2019 with a plan to introduce its first product, a 7 nm GPGPU, in 2022, according to co-founder Xu Lingjie, who previously worked for Nvidia, Samsung and Alibaba. “The demand for AI computing from major internet companies is still growing at more than 40% a year,” Xu said. “Even if only one-third of the servers are replaced every year, procurement from companies and government will still be huge.” Like Biren, Shanghai-based MetaX and Iluvatar CoreX also started in the GPGPU arena with founding teams that previously worked for AMD. Headquartered in Beijing, Moore Threads, founded in October 2020, jumpstarted with GPUs. CEO Jams Zhang is the former China general manager of Nvidia. Battle for the future The GPGPU market is still nascent, and it will take time for the Chinese startups to meet the standards of major customers such as Alibaba and Tencent, according to Liu Hongchun, founding partner of Winreal Investment, a venture capital firm. Other challenges facing the upstart chipmakers include intellectual property and relationships with China’s tech giants, such as Huawei, Alibaba and Baidu, which all have their own chipmaking businesses. It’s hard to tell whether these tech giants will regard the startups as friends or foes, an industry expert said. In the longer run, analysts said the chipmaking startups need to establish a software ecology in China that can rival Nvidia's. The American company released its parallel computing platform CUDA in 2006, including a development toolkit that enabled anyone with a laptop equipped with an Nvidia GPU to develop software. Over the past decade or so, Nvidia has promoted CUDA in schools and research institutes, enabling software such as climate simulation and seismic data processing to be developed based on the platform. Currently, Chinese GPU makers are adopting a CUDA-compatible strategy and aim to build their own software ecosystem on top of it. However, once users are accustomed to CUDA, they will be unlikely to migrate to other platforms, said a mid-level manager at AI startup Enflame Technology Co. Enflame makes chips designed to process huge amounts of data to train artificial intelligence systems. “No ecosystem is built in one day,” said Jeffrey Wang, managing director at Lenovo Capital, an accelerator and venture capital unit of Lenovo Group. “It will take time.” While the Chinese companies are cutting their teeth in the GPU sector, Nvidia is eyeing the CPU and Data Processing Unit (DPU) field. The company is pursuing a $40 billion bid for U.K.-based Arm Holdings from Japan’s Softbank. The deal, which would be one of the biggest semiconductor takeovers ever, is pending approval from regulators in the U.K, the U.S. and China. Nvidia released its first DPU last October after completing its $6.9 billion acquisition of Israel’s chipmaker Mellanox in April 2020. While Nvidia is busy with the CPU and DPU market, it may become a great opportunity for Chinese GPU companies to play catch-up, industry experts told Caixin. Bonnie Cao contributed to this story. Contact editors Han Wei ( and Bob Simison ( Download our app to receive breaking news alerts and read the news on the go. Follow the Chinese markets in real time with Caixin Global’s new stock database . You've accessed an article available only to subscribers

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Iluvatar CoreX Rank

  • When was Iluvatar CoreX founded?

    Iluvatar CoreX was founded in 2015.

  • Where is Iluvatar CoreX's headquarters?

    Iluvatar CoreX's headquarters is located at Building Y2, Pudong Software Park, No. 112 Liangxiu Road, Pudong New Area, Shanghai.

  • What is Iluvatar CoreX's latest funding round?

    Iluvatar CoreX's latest funding round is Series D.

  • How much did Iluvatar CoreX raise?

    Iluvatar CoreX raised a total of $185.52M.

  • Who are the investors of Iluvatar CoreX?

    Investors of Iluvatar CoreX include Vista Investment, China Fortune-Innovation Capital, Cedarlake Capital, Centurium Capital, Guangzhou Yuemintou Yinglian Investment Fund Partnership and 7 more.

  • Who are Iluvatar CoreX's competitors?

    Competitors of Iluvatar CoreX include Enflame and 2 more.

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