China's SynSense raises hundreds of millions of yuan in Series B for neuromorphic chips

What's the deal? Neuromorphic chip and solutions provider SynSense (Shishi Technology) has closed a Series B round of several hundred million yuan, the company announced on June 30. China State-Owned Capital Venture Investment Fund Phase II Coordinated Development Fund and Guohai Securities Investment co-led the round.

Who else is in? Backers Hengtai Huasheng, Huacang CapitalDealroom has a profile for this one. Try Dealroom →, Nanling Fund, Heshunying, and Honglida joined as co-investors.

What's the endgame? SynSense builds brain-inspired chips that push AI computing to the edge rather than the cloud. The company plans to direct the capital toward full-stack brain-computer interface products, dynamic vision sensor (DVS) high-speed and fusion cameras, and volume production of high-compute edge inference chips.

Why now? The raise follows a nearly 200 million yuan Pre-B round in 2021 and multiple strategic financings in 2023, extending the company's expansion. It lands as China moves to support homegrown AI chips, particularly neuromorphic and edge-intelligence designs.

The signal: With state-backed funds leading and prior industrial shareholders such as Samsung on its cap table, SynSense is positioned as a "national team plus industrial capital" bet on domestic neuromorphic computing. As large-model compute stays concentrated in the cloud, its edge-first path targets consumer electronics, drones, robotics, and high-end industrial uses — a differentiated play in a crowded field that includes Cambricon and Horizon Robotics.

Image credit: Sangitiana