About SPACEMIT
SPACEMIT is a company based in Hangzhou (China) founded in 2021.. SPACEMIT has raised $86.1 million across 3 funding rounds from investors including Lenovo, Legend Capital and Zhen Fund. SPACEMIT operates in a competitive market with competitors including Ampere Computing, Eta Compute, Iluvatar CoreX, Yunsilicon Technology and UltraRISC Technology, among others.
- Headquarter Hangzhou, China
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$86.1 M (USD)
in 3 rounds
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Latest Funding Round
$86.1 M (USD), Series B
Jan 15, 2026
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Investors
Lenovo
& 9 more
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Employee Count
Employee Count
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Funding Insights of SPACEMIT
SPACEMIT has successfully raised a total of $86.1M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $86.1 million completed in January 2026. 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 Total Funding
- Total Rounds 3
- Last Round Series B — $86.1M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Series B - SPACEMIT | Valuation |
investors |
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| Aug, 2023 | Amount | Series A - SPACEMIT | Valuation | Lenovo , Legend Capital | |
| Oct, 2022 | Amount | Seed - SPACEMIT | Valuation | Legend Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SPACEMIT
SPACEMIT has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Lenovo, Legend Capital and Zhen Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture Capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Tech & Offline focused Seed stage VC Firm investing primarily in Asia and the US
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Founded Year | Domain | Location | |
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Venture capital fund focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SPACEMIT
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SPACEMIT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spacemit Comparisons
Competitors of SPACEMIT
SPACEMIT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ampere Computing, Eta Compute, Iluvatar CoreX, Yunsilicon Technology and UltraRISC Technology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-native processors are supplied for cloud computing and data centers.
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| domain | founded_year | HQ Location |
SoCs for edge computing and embedded systems are manufactured.
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| domain | founded_year | HQ Location |
Manufacturer of cloud computing chips
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| domain | founded_year | HQ Location |
Network chips are provided for data center performance optimization.
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| domain | founded_year | HQ Location |
Multi-core RISC-V processor chips are provided for cloud-based computing.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spacemit
Frequently Asked Questions about SPACEMIT
When was SPACEMIT founded?
SPACEMIT was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is SPACEMIT located?
SPACEMIT is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Is SPACEMIT a funded company?
SPACEMIT is a funded company, having raised a total of $86.1M across 3 funding rounds to date.
What does SPACEMIT do?
SPACEMIT was founded in 2021 in Hangzhou, China, focusing on the semiconductor sector. High-performance CPU architectures are designed and developed for cloud-based applications. Integrated hardware and software optimizations are provided to support edge servers, high-end intelligent robots, and autonomous driving systems. Operations emphasize efficient computing solutions tailored to these domains.
Who are the top competitors of SPACEMIT?
SPACEMIT's top competitors include Ampere Computing, Eta Compute and Iluvatar CoreX.
Who are SPACEMIT's investors?
SPACEMIT has 10 investors. Key investors include Lenovo, Legend Capital, Zhen Fund, Jingwei, and Glory Ventures.
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