EVAS Intelligence raised nearly RMB 2 billion (about $280M), announced Sept 18, 2026, at a post-money valuation near RMB 15 billion from 20+ investors including SMIC Capital and Huatai Innovation. Its RISC-V-based cloud AI 'Epoch' processors are reported to be in volume production.
Why this matters for founders
Hardware and AI-infrastructure founders should track China's domestic RISC-V compute push as US export controls keep reshaping the global chip supply chain.
Source: Tech Startups
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