Witinmen Technology is a high-tech enterprise focusing on developing computing-in-memory chips and system solutions. It officially announced the completion of a CNY 100 million (USD 13.9 million) Series B+ financing round, led by Shenzhen Capital Group.
Beijing Zhicun (Witinmen) Technology Corporation (Chinese: 北京知存科技有限公司), an innovative technology company focusing on the field of computing-in-memory chips and system solutions, recently completed a CNY 100 million (USD 13.9 million) Series B+ funding round, led by Shenzhen Capital Group, with participation by Guokai Technology Venture Investment. Witinmen Technology will use the capital for R&D investment, expanding product lines and mass production.
It is worth mentioning that Witinmen Technology just completed CNY 200 million Series B financing round in January 2022, led by LHVENTURES investment company, with participation by Heaven-Sent Capital Management Group, Shenzhen Ruixin Investment company and existing shareholders.
Witinmem designs computing-in-memory technology for neural networks processing noise and health information. Its SoC chips and development toolkit could implement speech recognition into wearable electronic devices and smart home appliances, delivering high-quality services such as speech noise reduction, health status monitoring and speech recognition to customers.
Through continuous technical innovation, Witinmen Technology developed the first computing-in-memory chips for audio in 2019 and achieved volume production of this technology in ultra-low-power neural processing SoC that streamlines and improves speech processing performance in intelligent voice and health products in 2022.
Witinmem’s competitors include Samsung Group, Sony Corporation, Microchip, Micron Technology, Intel, Transcend Information, Alliance Memory, STMicroelectronics, and ADLINK Technology.