China’s Moore Threads, a nascent startup that develops central processing units (CPUs), announced its entry into the unicorn club with a valuation of at least $1 billion after raising “billions of yuan” across two funding rounds.
Moore Threads, which was founded last October, just completed a Series Pre-A round co-led by China’s Shenzhen Capital Group, global venture capital (VC) firm GGV Capital, and Sequoia Capital China, said the startup in a statement on Thursday.
