Ali, HKUST Xunfei, Lenovo, etc. are all their shareholders.
Editor’s note: This article comes from WeChat public account “qubits” ( ID: QbitAI) , author: Guo Yipu.
Today, the Cambrian submitted a prospectus for its IPO in the Science and Technology Innovation Board.
The Cambrian intends to raise 2.8 billion, mainly preparing to spend money on three projects: cloud training chip, cloud inference chip and edge AI chip.
Last year’s loss exceeded 1.1 billion
In the three years from 2017 to 2019, Cambrian revenues were 7.84 million, 117 million, and 444 million, totaling 568 million yuan, and more than 99% of revenue came from domestic customers. At present, the Cambrian is still in a state of loss. Last year, its net profit was 1.179 billion yuan.
However, these incomes are relatively concentrated. In 2017 and 2018, more than 90% of the income came from the perhaps not mysterious “Company A”. Last year, nearly half of the income came from Zhuhai Hengqin Management Committee. .
To go to the science and technology board, natural money is mainly spent on research and development. The cumulative Cambrian R & D investment in the last three years is 813 million, which is 1.43 times the cumulative operating income in these three years.
R & D personnel account for 80%
Of course, a large part of the R & D of technology companies is spent on talent.
Among the current Cambrian employees, more than 60% of them have master’s and doctoral degrees, and nearly 8 Chengdu are R & D personnel.
Interestingly, the current Cambrian Deputy General Manager and CTO Liang Jun were still dug from Huawei Hisilicon in 2017, and this CTO is the highest paid of all Cambrian executives and is the founder. Chen Tianshi himself more than tripled, and his shareholding also reached 3.2%.
Talent also contributed a lot of technical achievements and products to the Cambrian. As of the end of last month, the Cambrian has already authorized 50 domestic patents and 15 overseas patents. In addition, there are 120 PCT patent applications and 1,474 patents pending.
The Cambrian was established in March 2016. The products that have been launched in the past four years include Cambrian 1A, Cambrian 1H, Cambrian 1M series chips for terminal scenarios, based on Siyuan 100 and Siyuan 270 The chip’s cloud-based intelligent acceleration card series products and edge intelligent acceleration cards based on the Siyuan 220 chip.
Cambrian customers are no shortage of hardware makers.
The prospectus states that the Cambrian 1A and Cambrian 1H have been used in “the flagship smartphone chip of a world-renowned Chinese technology company” and integrated into more than 100 million smartphones and other smart devices. It’s hard to guess which company this is-whenThe factory’s mobile phone NPU became famous in the First World War, and it also gave the Cambrian reputation.
Unfortunately, cooperation became competition and Da Vinci replaced the Cambrian.
In addition, Inspur and Lenovo are using Cambrian products.
Alibaba and Lenovo are all shareholders
The founder of the Cambrian is Chen Tianshi, a researcher in computing technology at the Chinese Academy of Sciences. He went to the youth class of the University of Science and Technology at the age of 16 and became a computer doctor of the University of Science and Technology at 25. He founded the Cambrian after 6 years of graduation.
From the current financing process from Angel to Series C, Ali, HKUST Xunfei and Lenovo are all shareholders, and the current equity structure chart also confirms this.
At present, in addition to directly holding 33.19% of the shares, plus indirect holdings, Chen Tianshi holds a total of 41.71% of the Cambrian.
Portal
Finally, the original prospectus link is here:
http://pdf.dfcfw.com/pdf/H2_AN202003261376996787_1.pdf
The author is the signing author of NetEase News · NetEase’s “Everyone’s Attitude”