Recently, the domestic DPU chip leader Resnics Technology announced the completion of a new round of financing of hundreds of millions of yuan. This round of financing was led by JLSemi Semiconductor and Jen Chen Semiconductor and its co-investor MassAve Global, with strong follow-on investments from Xioniu Capital and existing shareholders Reed Stone Ventures and Oakseed Ventures. This financing will accelerate the commercialization of Resnics Technology’s DPU chip and smart card applications, and thus promote the marketization and scale development of the domestic DPU industry.
In April of this year, Resnics launched China’s first commercial P4 programmable cloud-native smart NIC with independent intellectual property rights, featuring high performance, low latency, high flexibility, low power consumption, etc., which is the best choice for accelerating network applications, such as OVS, NFV, SDN vRouter, 5G UPF and so on.
Mr. Yiren Huang, Chairman and CEO of Resnics Technology, said: “This is an era of heterogeneous computing applications in big data processing, and the role of DPUs is becoming increasingly important in this era. My goal is to build Resnics Technology into a Chinese semiconductor company with global influence, and to implement DPU chips and solutions in real-world applications to meet the demand for big chips in domestic and international data centers. Resnics Technology will continue to be committed to providing leading storage and network data processor chips and solutions for the communications and Internet industries, leading the industry with innovation and becoming a high-tech innovative company that participates in setting industry standards.”
JLSemi Kingfisher Semiconductor is an industry-leading supplier of networking and in-vehicle communication chips. Relying on its self-developed high-speed analog, DSP, and digital-analog mixed-signal technologies, JLSemi’s products cover both data transmission and network management chips, and provide competitive solutions for industrial interconnections and in-vehicle networks, and is now fast becoming one of the unicorns. Dr. Runsheng He, Chairman and CEO of JLSemi Semiconductor (a new board member of IceSmart Technology), said: “In the post-Moore era, the explosive growth of data has led to a change in data center infrastructure, driving the rapid growth of DPU technology in the next generation of data centers. Mr. Huang Yiren and the team at Resnics Technology are leading the DPU and Smart NIC track based on their in-depth accumulation and innovation capabilities in the areas of data switching, storage, security and virtualization. Also as an independent innovation-driven company, Kinglux is confident in the technical capabilities of the Resnics Technology team as well as the business synergies of the cooperation between the two companies.”
RenChen Semiconductor said: “DPU chips represent the future trend of data centers, involving network, storage, security and other aspects of expertise, high technical barriers, broad market space; and Resnics Technology, as a domestic leader in the field of DPU chips, has strong technical strength and considerable development potential. This investment in Resnics Technology is another important investment after our investment in Kinglux Semiconductor, Terris, Rongxin Semiconductor, and Reed Casting Intelligence, which will help to improve our layout in the entire semiconductor industry chain, and at the same time form a strategic synergy with our existing invested companies to realize the effect of one plus one is greater than two.”
Wenbo Li, Senior Partner of Xiongnu Capital, said: “Our colleague Ivan Lee has many years of experience in chip R&D and design in Silicon Valley, and our investment team has adhered to the concept of investing in hidden champions that has been formed over the past years, and after several years of in-depth research and tracking, we have invested in industry-leading companies in the semiconductor, cloud computing and storage, cloud gaming, and deep learning+intelligent manufacturing We have invested in industry-leading technology companies in such niche areas as semiconductors, cloud computing and storage, cloud gaming, deep learning + smart manufacturing, and more. We deeply understand that under the catalyst of industrial intelligence, information explosion and epidemics, the industry’s demand for network computing power has been growing exponentially; with the advent of the post-Moore era, computing and network architectures are calling for revolutionary technologies! The importance of smart cards to modern data centers has become more and more prominent, and DPU technology has emerged in an attempt to revolutionize the system architecture. In the hot and fast growing DPU industry, we not only consider the domestic substitution factor, but also prefer to choose the startups with international competitiveness. With rich experience in network, storage, and computing chip product development, and led by leaders with international leading innovation capability, the team of Resnics Technology believes that it will bring leading chip products to the industry.”
Meng Zhao, Founding Partner of Reed Stone Venture Partners, said: “I have personally been closely following the development of Resnics Technology and the DPU industry since my investment in Resnics Technology in 2021. Based on my more than a decade of experience at Intel in the US/China, over the past year I have come to realize the tremendous momentum of change and the wide range of needs in the industry. With the constant changes in data center architecture and customer applications, CPUs are becoming more and more heavily loaded and have long been overwhelmed, especially with the imminent offloading of tasks such as VMs (Virtual Machines), storage, and security, etc. DPUs represent the future technological trend, and have become a major battleground for various chip companies and unicorns to scramble for. In the year 2021, Resnics Technology has realized rapid development in core R&D, product improvement, team building, financing and other aspects, which shows us the clear strategic thinking and excellent execution of Resnics Technology team. As a long-time shareholder, Reedstone Venture Capital will continue to invest more in Resnics Technology in this round. At the same time, we also believe that Reedstone’s industrial resources will be able to contribute to the business development of Resnics Technology. We hope that Resnics Technology will forge ahead and flourish under the leadership of Mr. Huang Yiren.”
Oakseed Ventures, Inc. said: “I am very pleased to see that Resnics Technology has not only realized China’s first P4 programmable DPU, but also landed in the Xinchuang market in a very short period of time. A few weeks ago AMD announced that it would acquire Pensando, a company founded by several Cisco veterans, for $1.9 billion, affirming the important role that DPUs will play in the future of data centers, and that Pensando has already outperformed NVIDIA and Fungible in several major U.S. enterprise customers, confirming the superiority of the technology. Pensando’s team is an old colleague at Cisco, a global leader in concepts, and has designed an advanced and grounded product based on the needs of its domestic customers.”
About Us
Resnics was founded in July 2020 and is headquartered in Caohejing New Technology Development Zone, Shanghai, China. The team consists of core professionals in the fields of networking, switching, and storage at home and abroad, with deep technical expertise in networking, switching, storage, and high-performance CPUs.
The company is committed to providing leading storage and network chip solutions for the communications and Internet industries, aiming to become a high-tech innovative company with international competitiveness, leading the industry with innovation and participating in the development of industry standards.