Recently, Zhuhai Eeasy Technology Co. Ltd. (Eeasy Tech), a pioneer enterprise of on-device AI chips, has completed a series B financing of hundreds of millions of yuan. Led by Guangdong Wens Investment Co., Ltd., the B2 round funding of more than 100 million yuan was completed this month, followed by 37 Interactive Entertainment and previous shareholders including Northern Light Venture Capital, Delta Capital, and Zhuhai High-Tech Financial Investment Co., Ltd. This round of funding will help Eeasy Tech better develop its on-device AI general computing power platform and get more involved in the market of smart security, smart automotive, and smart devices (AIoT).

Independently Develop Core Technology, Eeasy Tech Achieves Mass Production of AI SoC

Eeasy Tech is a leading provider of systematic solutions focusing on AI machine vision algorithms and SoC designs. With the R&D of on-device AI SoCs with general computing power, Eeasy Tech devotes its efforts to making trillions of end devices smarter through AI SoCs.

Established in 2016, Eeasy Tech has a founding management team with the most experienced SoC design experts in China, possessing more than 20 years of professional experience. To promote AI applications through computing power, Eeasy Tech was determined to focus on high-tech, demanding SoC design, and stick to innovation of self-developed technology  when the company was founded in 2016. In 2019, Eeasy Tech released an AI chip product integrated with the 1^st Gen self-developed NPU (Neural Network Processing Unit). Up to now, all IPs of Eeasy Tech, except for the CPU, have been under independent research and development.

Eeasy Tech independently develops the core IPs for AI chips, including NPU, ISP, high-definition display, audio and video encoding and decoding, and high-speed mixed-signal. It is one of the few AI chip companies in China that have achieved the mass production of self-developed NPUs. After three years of promotion and optimization of its SoCs, Eeasy Tech has supported the mass production and shipment of many AI terminal products.

Constantly Iterating Product System, Eeasy Tech's AI Chips Receive Wide Recognition in Market

In the AI chip market, Eeasy Tech has demonstrated efficient customer development support and leading mass production capabilities. In 2019, the company released its SoC product integrated with the 1st Gen self-developed NPU. After one year of mass production, this product has helped many customers deliver millions of smart terminal devices. In 2021, Eeasy Tech received the "2021 China IC Design Achievement Award: Outstanding Performance in AI Market".

In 2022, Eeasy Tech launched its 3rd Gen AI SoC, covering the mainstream computing power range of 0.5 to 1.5 TOPS. At the International IC & Component Exhibition and Conference, Eeasy Tech was awarded the "Fabless 100: Top 10 AI Chip Company", and Eeasy Tech's AI chip SV826 won the "2022 China IC Design Achievement Award: Best AI Chip of the Year".

Eeasy Tech AI SoC SV826 / SV823  

With the application of on-device AI SoCs, AI computing power will play a more important role on the cloud end, the edge end and terminal devices, facilitating the integration of artificial intelligence and emerging technologies like 5G and the Internet of Things. As the demand for smart devices increases, Eeasy Tech, with its self-developed IPs for chips, has developed AI SoCs that can support in-depth scene-based customization, making the chips' PPA indicators (Performance/Power/Area) to achieve the optimal balance, which not only ensures the low power consumption and high performance of smart terminals but also promotes on-device AI applications.

Chen Feng, the founder and CEO of Eeasy Tech, said:" In the era of 5G, intelligent driving and AIOT, as AI chips provide computing power for the intelligent upgrade of terminal devices, the demand for AI chips continues to rise. Eeasy Tech focuses on developing a computing power platform that makes trillions of terminal devices smarter. To this end, we will continue to increase investment in self-developed chips, improve the platform toolchains, and assist developers in producing AI products. As we further promote in-depth development in the industry, we will cooperate with more partners to provide AI solutions that highly meet industrial needs."

Dr. Bai Yunfan, the managing partner of Guangdong Wens Investment Co., Ltd., said:" Eeasy Tech has excellent R&D management capabilities. Its R&D teams for chip design, system design, and algorithm & software have accumulated considerable technical experience. Eeasy Tech is also one of the first companies in China to achieve mass production of AI SoCs, bringing it a notable market advantage. I believe Eeasy Tech will take full advantage of its on-device vision AI technology and AI products, and apply AI to more scenarios."

Liu Yu, the vice president of 37 Interactive Entertainment Investment, said:" As artificial intelligence technology develops and different kinds of smart devices emerge, the demand for intelligent upgrades of traditional devices increases. Eeasy Tech's AI chips can be used in smart security, smart vehicles, and smart devices, covering a wide range of markets. In addition, Eeasy Tech's IPs with independent property rights enable the company to constantly optimize its technology, and achieve rapid delivery as well as effective cost control, which accelerates the commercialization of AI."

Ye Weigang, the founding partner of Delta Capital, said:" In the future, in addition to analyzing data in the cloud, AI will play a role in reducing costs and increasing efficiency in all scenarios. AI applications will cover the fields of cameras, vehicles, mobile terminals and industrial equipment terminals. In collaboration with cloud computing centers, AI will help ensure localized and low-latency applications. Eeasy Tech supports customers by providing self-developed toolchains, which help customers efficiently develop products and seize a larger market share."

Deng Feng, the founding managing partner of Northern Light Venture Capital, said:" Eeasy Tech only took less than two years to cover the distance from achieving its first tape-out of Test Chip to the mass production of AI SoCs, which demonstrates the team's outstanding capabilities to develop terminal products. Eeasy Tech's independent R&D competence and full-stack comprehensive capabilities help it win more customers in the billion-dollar consumer market. "

Gou Tongjun, the general manager of Zhuhai High-Tech Financial Investment Co., Ltd., said:" As an excellent representative of Zhuhai-based IC design companies, Eeasy Tech has been committed to the design and development of on-device AI algorithms and SoCs, and has driven Zhuhai's on-device AI industry to achieve breakthrough development. Eeasy Tech's on-device AI SoCs for education, electronics, and security have been shipped in batches, and have been gradually used in smart homes, smart vehicles and other fields. I believe the company will grow into a unicorn enterprise of on-device AI chips, empowering more fields with AI."