Chinese cloud artificial intelligence chip company EVAS Intelligence has completed a new funding round of 2 billion yuan, with an estimated post-money valuation close to 15 billion yuan. The financing follows a 1.5 billion yuan Series B and a strategic investment from China Mobile earlier this year. More than 20 investors joined the latest round, underscoring strong capital interest in domestic RISC-V-based data center processors.
Policy Tailwinds for RISC-V Architecture
China's Ministry of Industry and Information Technology and the National Development and Reform Commission recently issued the 15th Five-Year Plan for the electronic information manufacturing sector. The plan explicitly emphasizes accelerating RISC-V research, industrialization, and application in artificial intelligence and embedded systems. This policy signal has strengthened the case for open architecture chips as a foundation for self-controlled domestic computing.
From Startup to Cloud AI Computing Unicorn
Founded in early 2022, EVAS Intelligence positioned itself early on RISC-V technology for cloud and data center AI workloads. Its first-generation Epoch compute chip has entered mass production and delivery, while the industry's first RISC-V super node is also in production. The company has completed a rare full-stack deployment covering chips, boards, servers, super nodes, and clusters.
Product Architecture and Next-Generation Progress
The company developed the EVAMIND domain-specific architecture, combining RISC-V with an AI DSA design that resembles TPU approaches and includes dual systolic matrix engines. This architecture balances general-purpose AI computation, specialized efficiency, and programmability without dependence on overseas ecosystems. EVAS Intelligence has also taped out its next-generation cloud chip, with computing and interconnect performance improved several times over the previous product.
Investor Base and Strategic Support
The latest round attracted more than 20 investors, including Huatai Innovation, Zhongding Capital, SMIC Capital, Andon Health, and Tongfu Microelectronics. Earlier in 2025, several Beijing state-backed funds jointly led a 1.5 billion yuan Series B round, signaling regional commitment to building AI computing infrastructure. China Mobile's industry chain fund also made a strategic investment, pointing to potential collaboration in intelligent computing centers and cloud edge infrastructure.
Full-Stack System Capabilities as a Differentiator
Unlike most RISC-V players focused on edge devices, EVAS Intelligence has achieved mass deployment in cloud data centers. Its in-house ELink interconnect technology provides high bandwidth, low latency, and scalable system-level connections for super nodes and large clusters. Following the release of the industry's first RISC-V AI supernode at the 2026 World AI Conference, the company deployed its first cluster in an operator data center within about two months.
A Shift From Edge to Cloud
Most RISC-V commercialization has historically centered on low-power embedded and edge applications. EVAS Intelligence is among the few companies that have moved the architecture into high-end cloud AI computing, where chip design and software ecosystem complexity are far greater. Its ability to deliver data center-scale systems rather than standalone chips reduces engineering friction for customers and speeds up deployment.
The new financing reflects rising confidence in RISC-V as a credible path for China's domestic AI compute stack. EVAS Intelligence's early architecture choice, full-stack engineering capability, and proven delivery record give it a differentiated position in an increasingly crowded market. As AI competition shifts from raw speed toward cost efficiency and real-world deployment, its ability to translate capital and technology into scalable commercial outcomes will be closely watched.
Source: Pedaily