Recently, the video processing chip company NETINT Technologies completed the A+ round of financing of multi-hundred million dollars, led exclusively by V Fund, the old shareholder CTC Capital continued to increase the amount of holdings, and the introduction of GF XINDE, GF QIANHE and other well-known investment institutions to follow.
V Fund × NETINT Technologies
Xiong Yanpin, Founding Partner of V Fund, said " Video flows achieve explosive growth in the context of 5G.The proportion of video on the Internet has exceeded 80%, and downstream application scenarios such as short video, live streaming, video conferencing, cloud gaming and VR/AR have driven the demand for video codecs, ushering in a long-cycle blue ocean market for ASIC chips dedicated to video processing. As one of the only two companies known to have shipped VPU products in mass production in the world and the only one in China, NETINT Technologies' product performance has been unanimously recognized by international and domestic headquarter customers. V Fund is very positive about NETINT 's leading products and market positioning, and highly recognizes its strong R&D capabilities."
According to Zhu Zhaoyuan, CEO of NETINT Technologies, "With the large-scale deployment of 5G infrastructure, new application scenarios such as ultra-high definition video, VR/AR, and meta-universe require revolutionary chip-level video processing solutions, and so a new type of video processing chip like the VPU comes into being. Combined with the existing video application scenarios such as live video, on-demand, short video, etc., which now exist on a large scale, similar to the historical significance and market performance of GPU in the chip development process. This is a trillion-dollar market in the next few years, and a chip company will definitely emerge as the 'Nvidia of the video era'. "
In terms of the use of funds, this round of financing will be used mainly for the development of next generation products, as well as accelerating commercialization and team expansion to strengthen NETINT Technologies ' position as a global leader in the field.
NETINT Technologies
NETINT Technologies is a global leader in innovative chip design and an industry leader in next-generation video processing chip VPU. Since its establishment, it has designed and successfully flowed a number of highly innovative chip products, and its Codensity series of VPU chips have been deployed on a large scale in over 90% of first-tier Internet enterprises in China, and in a large number of overseas customers such as Microsoft, IBM and other enterprises. As of September 2021, NETINT Technologies has achieved annual shipments multi-ten thousands of chips.
The new generation VPU product Quadra will combine AI and video technology to achieve efficient integration of video codec and AI acceleration engine, and has more unique advantages in the field of AI-assisted video coding. The application of video plus AI technology can serve many industries such as live streaming, short video, smart retail, finance, education, medical, surveillance, security and AI intelligent marketing. In addition to VPU, NETINT Technologies has also developed the world's first enterprise-class computable storage architecture solid state drive (SSD) host controller chip, and was the first to pass the International Standards Organization PCIe 4.0 standard chip and module certification, leading to the establishment of the SNIA Computable Storage Working Group. NETINT Technologies ' SSD series chips provide enterprise-class storage capacity and product performance, industry-leading throughput, high performance and reliability to overcome data and video storage challenges with market-leading overall performance.
Developed on the basis of NETINT Technologies ' SSD and VPU products, the converged storage EdgeFusion chip will combine enterprise SSD functions, VPU video processing functions and HEIF/HEIC image compression capabilities, and will be ideal for Internet applications as well as 5G edge computing scenarios.