April 20 — Sunrise, a domestic AI inference GPU company with full-stack self-developed technology, announced the completion of a new funding round of over RMB 1 billion, participated by strategic investors from industrial players, local state-owned capital, and top financial institutions. To date, the company, which was spun off just over a year ago, has raised a total of approximately RMB 4 billion across seven rounds, reaching a valuation of over RMB 10 billion and becoming the first unicorn in China’s pure-inference GPU sector. The new funds will be primarily used for the mass production and delivery of its next-generation Qiwang S3 inference GPU, the development of a full-stack software ecosystem, and the R&D iteration of subsequent S4/S5 chips.