# Vastai Technologies (Shanghai)

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vastai-technologies-shanghai

- Industry: Electronics
- Headquarters: Shanghai, China
- Website: www.vastaitech.com
- Total disclosed funding: $378M
- Latest round: Series B (Dec 20, 2021)
- Investors on record: 16

## About

Founded in 2018 and based in Shanghai, China, Vastai Technologies (Shanghai) Inc. is a technology company that engages in the design and development of intelligent visual chips. The company's co-founder and CEO, John Qian, served as a senior director of AMD. He has more than 25 years of experience in high end silicon design with a total of 40 successful SoCs production. In August 2020, it established a research and development center in Beijing. In 2021, the company launched the SV series of smart chips and the universal acceleration card Zaitian VA1. In October 2025, the company closed a round of Pre-IPO funding.

The company main business is the development of AI inference chips based on data systems architecture. The company's main products include Zaitian series AI acceleration cards, Zaitian series intelligent video acceleration cards and Nanyu series data center graphics cards. Its products are applied in fields such as smart cities, finance and smart transportation.

The company generates revenue primarily from the sale of GPU and AI acceleration chips. Revenue is derived through business-to-business transactions with clients in data centers and AI application industries, providing both hardware and integrated system solutions.

Vastai Technologies (Shanghai) Inc. plans to use the pre-IPO funding to accelerate R&D and iteration of next-generation cloud-based full-function GPUs and edge-computing chips, strengthen its technology layout in the AI hardware sector, and support breakthroughs in domestic chip technologies.

## Funding rounds

- Series B, Dec 20, 2021, $251M — Mirae Asset Global Investments, 5Y Capital, PICC Capital Equity Investment, Alibaba Group, CoStone Capital, Glory Ventures, MPC, Redpoint China Ventures, Yuanmu Capital, THU Capital, China Life Capital
- Series A, Apr 28, 2021, $77M — SAIF Partners, 5Y Capital, Glory Ventures, MPC, Redpoint China Ventures, Sirius Holding Group, China Internet Investment Fund, Yuanmu Capital
- Series A, Nov 30, 2020, $50M — SAIF Partners, 5Y Capital, ZhenFund, Glory Ventures, Beijing Kuaishou Technology Ltd., Redpoint China Ventures, Sirius Holding Group

## Investors

- SAIF Partners (https://capitalatlas.ai/funds/saif-partners) — Series A
- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Series A, Series B
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Series A
- Glory Ventures (https://capitalatlas.ai/funds/glory-ventures) — Series A, Series B
- Beijing Kuaishou Technology Ltd. — Series A
- Redpoint China Ventures (https://capitalatlas.ai/funds/redpoint-china-ventures) — Series A, Series B
- Sirius Holding Group (https://capitalatlas.ai/funds/sirius-holding-group) — Series A
- MPC — Series A, Series B
- China Internet Investment Fund (https://capitalatlas.ai/funds/china-internet-investment-fund) — Series A
- Yuanmu Capital — Series A, Series B
- Mirae Asset Global Investments (https://capitalatlas.ai/funds/mirae-asset-global-investments) — Series B
- PICC Capital Equity Investment (https://capitalatlas.ai/funds/picc-capital-equity-investment) — Series B
- Alibaba Group — Series B
- CoStone Capital (https://capitalatlas.ai/funds/costone-capital) — Series B
- THU Capital — Series B
- China Life Capital — Series B