Qiming Venture, Meituan, Longzhu Capital and Inno-Chip led a $126m series A++ round in Axera Tech.

Private equity investors Qiming Venture, Meituan, Longzhu Capital and Inno-Chip, led a $126m series A++ round in Axera Tech, a startup developing artificial intelligence chip for computer vision applications. Additional investors include Dragon Ball Capital, Heju Investment, GGV Capital, Legend Star and Glory Ventures. The fund will use the fresh capital to recruit talent, expand business scale, and forge cooperation with new partners in the industry.