Chinese RISC-V CPU startup Spacemit recently completed a Series A funding round of several hundred million RMB, which was led by Lenovo Capital and Legend Capital, according to Chinese media outlet LatePost. The funds will primarily be used for the research and development of server CPUs and talent recruitment. Lenovo Capital, the investment arm of the world’s leading personal computer and server manufacturer Lenovo Group, is the main investor due to its substantial demand for CPUs in its business. Spacemit, founded in 2021, has already completed three previous rounds of financing, as reported by LatePost. Both of its co-founders, Chen Zhijian and Sun Yanbang, have extensive experience in developing mass-produced RISC-V chips. Chen served as a researcher at Alibaba’s chip arm T-Head and was responsible for the development and application of T-Head’s embedded CPU series XuanTie RISC-V. Sun joined AI company Allwinner Tech in 2008 and served as the head of the company’s RISC-V development. Currently, Spacemit has over 130 employees and plans to launch its first product, the RISC-V processor core X100, which is designed for high-end intelligent robots, edge computing cards, and edge servers, among others, in 2024. [LatePost, in Chinese]