# Icy Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/icy-technology

- Industry: Electronics
- Headquarters: Beijing, China
- Website: icy.tech
- Latest round: Seed (Aug 4, 2024)
- Investors on record: 1

## About

Established in 2023 and based in Beijing, China, Icy Technology is a chip development company that focuses on providing specialized computing power for cloud computing. The company was incubated by the Center for Applied Magnetism, School of Physics, Peking University. In May 2025, Icy Technology raised an undisclosed amount of venture funding from new investors Bi'an Times Technology Holdings and Yuanhe. The company's main business is the research and production of AI computing chips. The company's self-developed products include SpinPU + Heterogeneous Server, SpinPU-M01 FPGA chip, and SpinPU-M02 ASIC chip. Its products are used in fields such as drug discovery, financial analytics, transportation, telecommunications, and artificial intelligence. Icy Technology generates revenue by providing chips and computing solutions. The company plans to launch the SpinPU-E series of magnetic logic computing chips in 2025.

## Funding rounds

- Seed, Aug 4, 2024 — Lingyi Capital
- Seed, Oct 31, 2023 — Lingyi Capital

## Investors

- Lingyi Capital (https://capitalatlas.ai/funds/lingyi-capital) — Seed