EVAS Intelligence Valuation, Funding & Investors

EVAS Intelligence is valued at $2.2B as of September 2026.

Last EVAS Intelligence valuation

$2.2B

Series D · Sep 2026

Last EVAS Intelligence funding round

$298M

Series D · Sep 2026

Cumulative funding EVAS Intelligence raised

$603M

across 6 funding rounds

Key investors in EVAS Intelligence

  • CTC Capital
  • Sunic Capital
  • Saiyi Industry Fund
  • Oriental Fortune Capital
  • Beijing E-town International Investment & Development
  • China Fortune-Tech Capital

EVAS Intelligence Overview

About EVAS Intelligence

EVAS Intelligence is an autonomous driving chip developer based in Shanghai, China. The company produces AI accelerators optimized for Level 4 perception tasks, including LiDAR fusion and real-time object detection at 30 TOPS performance. Founded in 2021 by Liu Hui, EVAS supplies semiconductors to OEMs in passenger vehicles and robotaxis.


Founded

2022

HQ

ChinaGuangzhou

Website

evas.ai

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$2.2B (Sep 2026)

EVAS Intelligence Valuation

EVAS Intelligence is currently valued at $2.2B, based on its Series D in September 2026.

The $298M round was led by China Fortune-Tech Capital, with participation from Saiyi Industry Fund, Hengxu Capital, TongFu Microelectronics, CTC Capital, Shang Qi Capital and 6 other investors.

EVAS Intelligence valuation by funding round

EVAS Intelligence valuation by funding round
DateStageValuation
Sep 2026Series D$2.2B

EVAS Intelligence Funding History

EVAS Intelligence has raised a total of $603M across 6 funding rounds.

EVAS Intelligence's first fundraising round was a $32M seed round in March 2022. The most recent completed round was a $298M Series D in September 2026.

EVAS Intelligence funding rounds

EVAS Intelligence funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2026Series DChina Fortune-Tech Capital (lead); Saiyi Industry Fund; Hengxu Capital; TongFu Microelectronics; CTC Capital; Shang Qi Capital; Andon Health; Sino IC Leasing; Winreal Investment; Tianjin Renai Capital; Eastern Bell Capital; Huatai Chuangxin$298M$2.2BEVAS Intelligence completed a Series D financing round in September 2026, raising nearly CNY 2 billion (approximately $295 million USD). The round was led by investors including Huatai Innovation, Eastern Bell Capital, Zhongxin Juyuan (SMIC Capital), Andon Health, Tongfu Microelectronics, Eastern Bell Capital, Hengxu Capital, Saiyi Industry Fund, Shang Qi Capital, Sino IC Leasing, Tianjin Renai Capital, Winreal Investment, and Jianguang Assets, among more than 20 institutions total. Post-money valuation reached nearly CNY 15 billion. The company develops RISC-V-based general-purpose AI compute processors and accelerators for cloud and enterprise workloads. The new capital supports expansion of its Epoch family of AI accelerator chips, next-generation processor development, and commercialization of rack-scale AI systems.
May 2026Undisclosed stageChina Mobile Chain Builder Fund (lead)---
Apr 2026Series BBeijing Artificial Intelligence Industry Investment Fund (lead); Beijing E-town International Investment & Development (lead); Beijing High-tech Industry Development Fund (lead); Beijing Information Industry Development Investment Fund (lead); Saiyi Industry Fund; Longjiang Fund; Jiukun Venture Capital; CTC Capital; Peeli Ventures; Qingtan Capital$218M-EVAS Intelligence raised $211M (CNY 1.5B) in Series B funding on April 22, 2026, led by Beijing Economic-Technological Development Area Industrial Upgrade Fund, Beijing High-Precision Industrial Development Investment Fund, Beijing Information Industry Development Investment Fund, and Beijing AI Industry Investment Fund, with participation from Heli Capital, Boni Capital, Saie Industrial Fund, Longjiang Fund, Qingtan Capital, and Nine Capitals VC. The funding supports expansion of its RISC-V-based AI chip platform for large-model training and inference, next-generation chip development, software ecosystem growth, and international expansion. EVAS Intelligence develops AI computing chips, focusing on RISC-V architecture for AI applications.
Nov 2023SeedGuangzhou Nansha District Nanjin Fund (lead); Lion City Capital$14M-EVAS Intelligence is a pioneer in autonomous driving chips based in Guangzhou. The company raised $13,718,926 in initial capital on November 14, 2023, with support from investors including the Guangzhou Nansha District Nanjin Fund and Lion City Capital. The company focuses on developing semiconductor solutions for the autonomous vehicle sector, positioning itself within China's growing automotive IC startup ecosystem. No additional financial metrics such as post-money valuation, revenue, or EBITDA were disclosed publicly for this round.
Oct 2022SeedGuangzhou Automobile Group (lead); Oriental Fortune Capital (lead); Sunic Capital; CTC Capital; Volcanic Stone Investment; Haiwei Technology; Guangzhou Yuexiu Industrial Investment Fund; Guochuang Zhongding$42M--
Mar 2022SeedCTC Capital (lead); Sunic Capital (lead); Yipu Capital; Stone Investments; GAC Capital; Kington Capital$32M-EVAS Intelligence (Chinese: 奕行智能科技) is a self-driving chip designer founded by a team led by Liu Hui, who has over 20 years of experience at STMicroelectronics, Fujitsu Semiconductor, and Cadence. On February 28, 2022, the company raised close to CNY 200 million (USD 31 million) in its angel round from a consortium led by CTC Capital and Sunic Capital. The company operates in the smart mobility sector, focusing on self-driving chips, amid a Q1 2022 China VC landscape that included other investments in EV makers like GAC Aion and self-driving firms like Waytous and Sixents Technology.

Who has invested in EVAS Intelligence?

34 investors have backed EVAS Intelligence across its funding rounds, including CTC Capital, Sunic Capital, Saiyi Industry Fund, Oriental Fortune Capital, Beijing E-town International Investment & Development and China Fortune-Tech Capital.

Lead investors include China Fortune-Tech Capital, China Mobile Chain Builder Fund, Beijing Artificial Intelligence Industry Investment Fund, Beijing E-town International Investment & Development, Beijing High-tech Industry Development Fund and 6 other investors.


EVAS Intelligence Investors

Investors in EVAS Intelligence by funding rounds participated
InvestorHQRoundsRoleFirst check
CTC CapitalChinaShanghai4LeadMar 2022
Saiyi Industry FundChinaShanghai2ParticipantApr 2026
Sunic CapitalChinaShanghai2LeadMar 2022
Yipu CapitalChinaChina1ParticipantMar 2022
Guangzhou Automobile GroupChinaGuangzhou1LeadOct 2022
Beijing High-tech Industry Development FundChinaBeijing1LeadApr 2026
Longjiang FundChinaShanghai1ParticipantApr 2026
Beijing E-town International Investment & DevelopmentChinaBeijing1LeadApr 2026
Hengxu CapitalChinaShanghai1ParticipantSep 2026
Oriental Fortune CapitalChinaShenzhen1LeadOct 2022
Beijing Artificial Intelligence Industry Investment FundChinaBeijing1LeadApr 2026
Jiukun Venture CapitalChinaBeijing1ParticipantApr 2026
TongFu MicroelectronicsChinaChina1ParticipantSep 2026

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EVAS Intelligence Competitors

EVAS Intelligence competitors include listed companies like IQM Quantum Computers and D-Wave Quantum, and private ones like SemiDrive, Innovusion, Quadric and Rebellions.

Public and private companies comparable to EVAS Intelligence
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SemiDriveChinaBeijingPrivate--$1.9B-
InnovusionUnited StatesSan Francisco, CAPrivate--$1.2B-
QuadricUnited StatesSan Francisco, CAPrivate$20M-$316M15.8x
RebellionsSouth KoreaSeongnamPrivate$23M-$2.3B-
IQM Quantum ComputersFinlandFinlandPublicly listed$35M($47M)$1.6B-
D-Wave QuantumUnited StatesUnited StatesPublicly listed$25M($373M)$4B89.6x

EVAS Intelligence Public Comps

EVAS Intelligence is still privately-owned, but its public comps include ChronoScale, Silex Microsystem, IQM Quantum Computers, Ionic Digital, Cipher Digital, Pasqal, POET Technologies, Xanadu, SharonAI and Northern Data.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
ChronoScale$72M$21M30.6x-106.2x-
Silex Microsystem$141M$49M11.2x-32.3x-
IQM Quantum Computers$35M($47M)44.0x-(33.1x)-
Ionic Digital$141M($248M)19.4x-(11.1x)-
Cipher Digital$224M($608M)34.9x35.9x(12.8x)(329.8x)
Pasqal$18M($89M)54.7x-(11.3x)-
POET Technologies$1M($60M)103.6x20.4x(1.9x)-
Xanadu$3M($47M)189.0x73.5x(13.4x)(7.6x)

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Common questions about EVAS Intelligence

When was EVAS Intelligence founded?EVAS Intelligence was founded in 2022.
Where is EVAS Intelligence headquartered?EVAS Intelligence is headquartered in Guangzhou, China.
Is EVAS Intelligence publicly listed?No, EVAS Intelligence is a private, VC-backed company.
What is EVAS Intelligence's valuation?EVAS Intelligence was last valued at $2.2B in its Series D in September 2026.
How much funding has EVAS Intelligence raised?EVAS Intelligence has raised $603M across 6 funding rounds.
What was EVAS Intelligence's last funding round?EVAS Intelligence's last funding round was a $298M Series D in September 2026, led by China Fortune-Tech Capital.
Who are EVAS Intelligence's investors?EVAS Intelligence's investors include CTC Capital, Saiyi Industry Fund, Sunic Capital, Yipu Capital, Guangzhou Automobile Group, Beijing High-tech Industry Development Fund, Longjiang Fund, Beijing E-town International Investment & Development, Hengxu Capital, Oriental Fortune Capital and 24 others.
Which companies are comparable to EVAS Intelligence?Companies comparable to EVAS Intelligence include SemiDrive, Innovusion, Quadric, Rebellions, IQM Quantum Computers and D-Wave Quantum.

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