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]

Group 1 - The core achievement of Jinghua Misan (Beijing) Technology Co., Ltd. is winning the "DEMO GOD" award at the 2025 DEMO CHINA event for its breakthroughs in high-performance secure computing technology [1] - The core team of Jinghua Misan is composed entirely of Tsinghua University alumni, with Ren Ju serving as the Chief Scientist and Lin Xiuchun as the CEO, who is currently a doctoral student at Peking University [1] - Jinghua Misan aims to commercialize its leading high-performance secure computing technology, with a focus on developing advanced secure inference and training engines [1] Group 2 - The DEMO CHINA conference was organized by Chuangyebang and guided by the government of Hangzhou's Gongshu District, featuring 126 early-stage tech companies and 213 investment institutions [2] - Over 18 years, DEMO CHINA has attracted more than 47,000 startup applications, with 1,506 companies showcasing their innovations, and 623 companies progressing to Series A funding [2] - The event also released several lists, including "2025 Notable AI Innovators" and "2025 Most Admired Venture Capital Institutions" [2]