About Iluvatar CoreX
Iluvatar CoreX is a publicly listed company based in Shanghai (China) founded in 2015 by Zheng Jinshan. Manufacturer of cloud computing chips. Iluvatar CoreX has raised $334.22 million across 4 funding rounds from investors including ZVCA, Zhongguancun Science City and Shanghai Guosheng Group. Its website iluvatar.com draws about 13 thousand monthly visits. Its focus areas include Semiconductors, Digital ICs, Microprocessors and Media Processor.
Company details
Iluvatar CoreX was founded in 2015 in Shanghai, China, and operates in the semiconductor sector focused on cloud computing chips. Chips are developed for machine learning and training uses across various industries. Edge cloud inference GPUs are supported for 5G applications, with integration provided for existing mainstream imported GPU systems. Operations emphasize hardware solutions for computational efficiency in cloud environments.
- Headquarters Shanghai, China
- Founders Zheng Jinshan
- Stage Public
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website iluvatar.com
- Social LinkedIn
- Legal Name Shanghai Iluvatar Corex Semiconductor Co., Ltd. Class H
- Annual Revenue$143.88 M (USD)91.63as on Dec 31, 2025
- Net Profit-$140.03 M (USD)-12.49as on Dec 31, 2025
- EBITDA-$116.37 M (USD)-9.32as on Dec 31, 2025
- Total Equity Funding$334.22M (USD)
in 4 rounds
- InvestorsZVCA
& 8 more
Funding Insights of Iluvatar CoreX
Iluvatar CoreX has successfully raised a total of $334.22M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $334.22M
- Total Rounds 4
- First Round $185.54M
(Mar 2021)
- Investors Count 9
All 4 funding rounds of Iluvatar CoreX with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2024 | Series D | – | ZVCA | – | |
| Jan 2024 | Series D | – | – | – | |
| Jul 2022 | $148.68M | Series C | – | Hopu Fund, HOPU-Arm Innovation Fund | |
| Mar 2021 | $185.54M | Series C | – | Centurium Capital |
9 investors in total: 9 institutional.
Investors in Iluvatar CoreX
Iluvatar CoreX has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include ZVCA, Zhongguancun Science City and Shanghai Guosheng Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| zgccity.com | ||||
| sh-gsg.com | ||||
| hopuarminnovationfund.tcc.mode | ||||
Centurium Capital is focused on industrial investments in key sectors. | centurium.com | Beijing, China | ||
| zvca.org | ||||
Privately held firm acquires and manages apartment units and commercial properties in US regions. | 2008 | vistainvestmentgroup.com | Santa Monica, United States | |
| hopufund.tcc.mode | ||||
Manages diversified investment portfolios across various asset classes to optimize returns for clients. | 2012 | bfscoc.com | Xicheng, China | |
A private investment company focused on industrial and technological growth. | 2016 | gortune.com | Guangzhou, China |
Investor details for Iluvatar CoreX
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People of Iluvatar CoreX
1 people are tracked at Iluvatar CoreX (1 in leadership).
| Name | Role | Group |
|---|---|---|
Zheng Jinshan | Co-Founder | Leadership |
Complete people profiles for Iluvatar CoreX
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IPO & Listings of Iluvatar CoreX
Iluvatar CoreX is a publicly listed company on the HKEX with ticker symbol 9903 in Hong Kong, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date08 Jan 2026
- Listed onHKG: 9903
- Listed entityShanghai Iluvatar CoreX Semiconductor Co., Ltd. Class H
- Exchange sectorElectronic technology
- ISINCNE100007DV0
- Share price88.80 HKD (+4.59% on the day) · 2026-10-14
- Market capitalisation66,211,549,328.00 HKD
- EPS (diluted, trailing year)-0.55 HKD
- Volume (last session)6,837,100
Financials of Iluvatar CoreX
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 1.12B HKD | -1.09B HKD | -905.9M HKD |
| 2024 | 585.0M HKD | -967.6M HKD | -828.6M HKD |
| 2023 | 319.4M HKD | -874.4M HKD | -781.2M HKD |
| 2022 | 220.2M HKD | -609.2M HKD | -567.1M HKD |
Detailed financial statements for Iluvatar CoreX
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Iluvatar CoreX
4 dated milestones of Iluvatar CoreX across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Iluvatar CoreX is founded.
- Funding First funding round of $185.5M.
- Funding Latest funding round, Series D,.
- IPO Lists on the stock exchange (IPO).
Web traffic of Iluvatar CoreX
The website of Iluvatar CoreX (iluvatar.com) receives about 13K visits a month.
- Monthly visits13K
▲ 30% vs previous month
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Frequently Asked Questions about Iluvatar CoreX
Iluvatar CoreX was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Iluvatar CoreX is headquartered in Shanghai, China.
Iluvatar CoreX is a funded company, having raised a total of $334.22M across 4 funding rounds to date. The company's 1st funding round was a Series C of $185.54M, raised on Mar 2021.
Annual revenue of Iluvatar CoreX is $143.88M as on Dec 31, 2025.
Iluvatar CoreX was founded in 2015 in Shanghai, China, and operates in the semiconductor sector focused on cloud computing chips. Chips are developed for machine learning and training uses across various industries. Edge cloud inference GPUs are supported for 5G applications, with integration provided for existing mainstream imported GPU systems. Operations emphasize hardware solutions for computational efficiency in cloud environments.
Yes, Iluvatar CoreX is publicly traded on HKEX under the ticker symbol 9903.
Iluvatar CoreX has 9 investors. Key investors include ZVCA, Zhongguancun Science City, Shanghai Guosheng Group, Vista Investment Group, and Hopu Fund.