AI Server Provider Enginetech Completes Round-B Financing

AI server provider Enginetech announced on Monday that it has completed round-B financing totaling 100 million yuan ($14.92 million), with investors including SenseTime, Hanking Capital, Qigang Investment, Kingdom Sci-Tech, and other institutions.

The funds are mainly to be used for independent product research and development, marketing network layout, end-to-end service system optimization, and introduction of new talent.

Enginetech was established in 2017. As a provider of AI servers and customized solutions, Enginetech says it always adheres to independent research, actively builds an ecology of computing and industrial applications, and establishes a computing power base in the new era.

Enginetech’s customized solutions have won the recognition of customers and partners alike. Its solutions have been widely used in AI, internet, cloud computing, security, transportation, finance, electric power, and other industries. It expects its performance results to multiply several times in the next few years.

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According to the International Data Corporation, in 2021, Enginetech’s GPU server ranked second in China with a market share of 10.43%. Since entering IDC’s list for the first time in the first half of 2019, its market share in China has been at the forefront.