Core Insights - Beijing Jinghua Misan Technology Co., Ltd. has completed a seed round financing of several tens of millions, led by Inno Venture Capital, with Guangyuan Capital serving as the incubator and exclusive financial advisor [1] - The funding will primarily be used for the development of high-performance homomorphic inference and training engines, as well as recruitment of productization talent [1] - The company has gained significant recognition, winning the national championship at the "Innovation China 2025 DEMO CHINA" competition shortly after its establishment, with its founder Lin Xiuchun receiving the prestigious "DEMO GOD" title [1][3] Industry Context - The rise of AI has created a "privacy paradox," where users are hesitant to share sensitive data with cloud-based models due to data leakage risks, despite the need for AI in privacy-demanding scenarios [2] - High-performance homomorphic computing is viewed as a potential solution to this paradox, allowing computations to be performed without decrypting data, but traditional methods suffer from performance losses of up to 1000 times or more [2][5] - There is a pressing need for a viable high-performance solution in the market to address these challenges [2] Technological Breakthrough - Jinghua Misan has achieved a significant breakthrough, reducing the performance loss of homomorphic computing from over 1000 times to approximately 3 times, making it applicable for AI computations [5] - The company’s solution is based on novel cryptographic principles and does not rely on specific hardware, ensuring compatibility with various domestic GPUs and NPUs while maintaining security [5][8] - This innovation is expected to facilitate the large-scale application of homomorphic technology in the AI sector [5] Product Launch Plans - Jinghua Misan plans to launch two core products next year: a high-performance homomorphic inference engine and a high-performance homomorphic training engine [6] - The inference engine addresses the "10 minutes of privacy" need for both individual and enterprise users, ensuring data security during transmission and computation [7] - The training engine aims to protect the rights of data-owning enterprises, allowing them to lease data assets while ensuring zero leakage, thus creating a sustainable revenue stream [7] Market Potential and Support - The company’s technology is seen as having significant commercial potential, addressing privacy concerns in AI applications and ensuring data owners' rights in data transactions [8] - Inno Venture Capital and Guangyuan Capital express strong confidence in the long-term development of AI and data circulation, highlighting Jinghua Misan's role in defining the next generation of data security and AI applications [8]

Core Insights - The article highlights the success of Jinghua Mican (Beijing) Technology Co., Ltd., which won the "DEMO GOD" award at the 2025 DEMO CHINA event for its breakthroughs in high-performance secure computing technology [2][4]. Company Overview - Jinghua Mican's core team is composed entirely of Tsinghua University alumni, led by Chief Scientist Ren Ju, a Changjiang Scholar and a long-term associate professor in the Computer Science Department [4]. - The CEO, Lin Xiuchun, born in 2000, has a background in computer science and is currently a doctoral student at Peking University [4]. Technology and Products - The company aims to commercialize its leading high-performance secure computing technology [4]. - Jinghua Mican is developing advanced secure inference and training engines, which provide security for users who cannot afford the high costs of local deployment of large AI models and have privacy needs [4]. - The secure training engine is designed to protect the rights of enterprises in data transactions [4]. - The core technology significantly enhances the efficiency of secure computing and improves user experience [4]. - Both the secure training and inference engines are expected to be launched by the end of this year and in the first quarter of next year, respectively [4]. Event Highlights - The 2025 DEMO CHINA event, organized by Chuangyebang and supported by the Hangzhou Gongshu District Government, featured 126 early-stage tech companies and 213 investment institutions [5]. - The event also released several lists, including "2025 Notable AI Innovators" and "2025 Most Admired Venture Capital Institutions" [5]. - Over 18 years, DEMO CHINA has attracted more than 47,000 startup applications, with 1,506 companies showcasing their innovations [5].