TMTPOST — Moxin AI has completed a Series C+ financing of nearly 1 billion yuan. Participants included Renai Capital, Haitang Fund, Dongheng Petroleum and other domestic industrial investors, as well as Bhikshu Capital, Paira Capital and Zhongcai Capital. Proceeds will fund full-stack upgrades of its sparse-dedicated inference chips, pre-research on next-generation chips, and development of a sparse-computing industry-academia alliance. The company specializes in sparse computing platforms for cloud and edge AI inference.