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36氪 learned that Trending Technology recently announced the completion of tens of millions of US dollars in Series B financing. This round of financing was led by Saudi Aramco’s diversified venture capital fund Prosperity7 Ventures, with Yuanhe Zhongyuan co-investing, and old shareholders Shunwei Capital and Hillhouse Venture Capital, Jiayu Fund, and CMB International Telecom Fund continued to support, and Index Capital continued to act as the exclusive financial advisor. This is the second financing this year after the A+ round of financing in February this year, and the fifth financing completed since the company was established two and a half years ago. After this round of financing, the company plans to use the funds for the company’s customer service system construction and further increase R&D investment and accelerate product iteration.
Trending Technology is a company that continues to follow and report on 36Kr. Founded in 2019, it focuses on building an efficient AI computing resource pool to help customers improve the utilization of AI computing resources, reduce TCO, and improve the efficiency of algorithm engineers. The company’s self-developed OrionX Orion AI computing power resource pooling software can help enterprise users build data center-level AI computing power resource pools, and conduct unified management, maintenance and deployment of various AI computing power resources of users.
Up to now, TrendDong’s OrionX software has been recognized by a large number of industry-leading customers including the Internet, finance, telecom operators, and universities. It has served successively including Cross Information Core Technology Research Institute, Ctrip, China Mobile Migu, A number of head customers, including the Purple Mountain Lab of Network Communication and Security, have developed strategic cooperation with vendors such as Dell EMC, Inspur Information, AWS, Qingyun QingCloud, Rancher, DaoCloud, and iFLYTEK.
In the first quarter of 2021, Trending Technology has successively won bids for AI computing resource pooling and GPU resource management projects for major clients such as “Network Communication and Security Purple Mountain Lab”, “Ctrip.com”, “China Mobile Migu Company”, etc. Provide customers with a flexible and scalable overall solution for GPU resource pooling.
In April 2021, Trend Micro and the School of Computer Science of Northwestern Polytechnical University jointly announced the deployment of Trend Micro’s OrionX Orion AI accelerator resource pooling software to help the School of Computer of West University of Technology build a university data center-level AI accelerator resource pool to achieve rapid allocation/recycling. Flexible on-demand scheduling and dynamic adjustment of GPU resources.
“From our customer feedback, we have seen the optimization brought to them by the company’s products. For example, the customer Ctrip told us that the product helped them increase their profits by 4 times, and West Lake University also reported that our program helped them increase by 5 Times the efficiency.” said Wang Kun, founder of Trending Technology.
The core competitiveness of Trend Micro is to define computing power through software, changing the traditional architecture of AI applications directly calling physical computing resources, decoupling AI applications from physical computing resources, and not only supporting local computing power virtualization , At the same time, it can break the physical boundary of resource scheduling, allowing users’ applications to transparently use remote computing resources on other physical machines without modifying the code.
AI architecture diagram
In terms of landing, facing the needs of customers in different industries, Trending Technology’s strategy is to find common points in different industries as much as possible, to create general solutions, and to provide some customization for the industry on top of standard solutions. service.
In May of this year, Trend Micro and Turing Artificial Intelligence Research Institute jointly established an AI computing power resource pooling joint laboratory to promote the research and accumulation of software-defined computing power and other technologies, and promote AI computing power virtualization and resource pooling. The research on the system of optimization, the development of software-defined computing power systems suitable for AI applications in various industries.
According to the Verified Market Research study, on a global scale, the GPU market size will maintain growth from 2020 to 2027. It is expected that the market size will reach 185.31 billion U.S. dollars in 2027, which means that the compound annual growth rate of the global GPU market from 2021 to 2027 is 32.82%.
“After our market research, the current GPU holdings are the Internet, finance, education, telecommunications, autonomous driving, energy and power industries, and they will continue to grow. At the same time, the manufacturing industry has great potential and will grow rapidly in the future. Industry.” Wang Kun told 36Kr, “We are also preparing solutions for these industries.”
It is worth mentioning that after Trending Technology introduced Saudi Prosperity7 Ventures, it laid the foundation for its overseas market expansion and globalization strategy. In the future, Trending Technology will continue to improve its software, hardware and business ecology, and while serving Chinese customers, it will actively expand overseas markets.
36氪 First Release | Helping companies increase the utilization rate of AI resources by 5-8 times, “Trends Technology” received tens of millions of dollars in A+ round of financing