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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Venture Capital firm focused on multiple sectors
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Tech & Offline focused Seed stage VC Firm investing primarily in Asia and the US
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Venture capital fund focused on multiple sectors
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Investor details for SPACEMIT
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Investments & Acquisitions by SPACEMIT
Investment portfolio details for SPACEMIT
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Financial Statements - SPACEMIT
Detailed financials for SPACEMIT
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Spacemit Comparisons
Peer comparison for SPACEMIT
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-native processors are supplied for cloud computing and data centers.
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SoCs for edge computing and embedded systems are manufactured.
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Manufacturer of cloud computing chips
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Network chips are provided for data center performance optimization.
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Multi-core RISC-V processor chips are provided for cloud-based computing.
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Detailed competitors of SPACEMIT
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Latest news on Spacemit
Complete news archive for SPACEMIT
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Frequently Asked Questions about SPACEMIT
SPACEMIT was founded in 2021 and raised its 1st funding round 1 year after it was founded.
SPACEMIT is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
SPACEMIT is a funded company, having raised a total of $86.1M across 3 funding rounds to date.
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.
SPACEMIT's top competitors include Ampere Computing, Eta Compute and Iluvatar CoreX.
SPACEMIT has 10 investors. Key investors include Lenovo, Legend Capital, Zhen Fund, Jingwei, and Glory Ventures.