# Sunrise

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sunrise-5

- Industry: Electronics
- Headquarters: Hangzhou, China
- Website: www.sunrise-ai.com
- Total disclosed funding: $139M
- Latest round: Series A (Jul 20, 2025)
- Investors on record: 6

## About

Based in Hangzhou, China and founded in 2020 by Bing Xu, Yongwang and Zhan Wang, Zhejiang Sunrise Intelligent Technology Co., Ltd., together with its wholly-owned subsidiary, Hangzhou Sunrise Intelligent Technology Co., Ltd., collectively doing business as Sunrise, is an AI (artificial intelligence) computing chip company focusing on the R&D and commercialization of high-performance GPUs (Graphics Processing Units) and multi-modal inference chips. Sunrise's foundation was initiated by its Board Chairman, Bing Xu who was co-founder of SenseTime Group, an AI software provider listed on Hong Kong Exchanges and Clearing (HKEX). The company's two co-CEOs, Zhan Wang and Yong Wang, are former legal representative of Baidu Group and former senior expert in AMD and Kunlun chips, respectively.

Sunrise's predecessor was Shanghai PowerTensors Intelligent Technology Co., Ltd. which had operated as chip division of SenseTime Group before spinning off in late 2024 to operate independently under the new entity Zhejiang Sunrise Intelligent Technology Co., Ltd. Hangzhou Sunrise Intelligent Technology Co., Ltd., established in June 2025, was a wholly-owned subsidiary of Shanghai PowerTensors Intelligent Technology Co., Ltd. and is currently the entity to conduct main businesses under the brand "Sunrise". 

In August 2026, Sunrise raised CNY 2 billion in a venture funding from CHIA TAI INVESTMENT CO.,LTD., Andon Health Co., Ltd, Infore Environment Technology Group, Tongcheng Travel Holdings Limited, PICC Capital Equity Investment, CCB Private Equity Investment Management, Janchor Partners, Casstar Capital, Cowin Capital and other investors.

Sunrise primarily engages in AI chip design focusing on their next-generation AI model inference chip. The company has launched Sunrise S1, a chip for cloud-edge visual inference, designed specifically for video analysis model inference and Sunrise S2, a large-model inference GPGPU (General-Purpose Computing on Graphics Processing Unit), fully compatible with the CUDA ecosystem. The two products achieved mass production in 2020 and 2024 respectively.

Sunrise generates revenue from developing and designing AI computing chips.

Sunrise aims to build a leading domestic AI computing infrastructure by advancing inference-focused GPU technologies, lowering AI inference costs, and becoming a core computing engine for the next generation of large-scale AI and AGI applications.

## Funding rounds

- Series A, Jul 20, 2025, $139M — Haitong Capital, Green Pine Capital Partners, Beijing Lier High Temperature Materials Co., Ltd., Youzu.com, Beijing Fourth Paradigm Intelligent Technology Co., Ltd., Huaxu Fund Management

## Investors

- Haitong Capital (https://capitalatlas.ai/funds/haitong-capital) — Series A
- Green Pine Capital Partners (https://capitalatlas.ai/funds/green-pine-capital-partners) — Series A
- Beijing Lier High Temperature Materials Co., Ltd. — Series A
- Youzu.com — Series A
- Beijing Fourth Paradigm Intelligent Technology Co., Ltd. — Series A
- Huaxu Fund Management (https://capitalatlas.ai/funds/huaxu-fund-management) — Series A