Caplight Logo









Moore Thread

Moore Thread

Private
Beijing, BeijingAI, Data & Cloud Infrastructurehttps://www.mthreads.com

Last Round

IPO Announced

Dec 5, 2025

Est. Valuation

$7.59B

Total Funding Raised

$808.5M

Momentum Score

25 /100

Company Overview

Moore Thread is a Chinese technology company founded in 2020 that specializes in designing and developing full-featured Graphics Processing Units (GPUs). The company's products serve a wide range of markets, including gaming, cloud computing, artificial intelligence (AI), high-performance computing, and virtual desktop infrastructure. Moore Thread has developed its own unified system architecture, known as MUSA, and has released several GPU products, including the MTT S-series for desktops and servers. The company aims to provide a domestic, fully-featured GPU solution for China and has established a comprehensive product line ranging from chips and graphics cards to large-scale AI computing clusters. Despite being placed on the U.S. Entity List, the company has received substantial funding from investors like Tencent and ByteDance and is reportedly preparing for an IPO.

Sector

AI, Data & Cloud Infrastructure

Verticals

Semiconductors, Computing Hardware, AI Training Infrastructure, Gaming

Business Model

B2B

Customer Profile

Hardware Sales, Services & Consulting

AI Layer

Infrastructure

Keywords

GPUChina GPUgraphics cardNvidia challengerAI acceleratorAI chipdata center GPUfabless semiconductorAI computing clusterGPU architectureAI traininggaming GPUCUDA porting toolsoftware development kitSDKscientific computing

Historical Pricing

Historical view of private secondary pricing and transaction trends.

Unlock Pricing Charts

Sign up to view complete historical pricing and secondary transactions.

Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

View Momentum History

Track how buyer interest and sentiment changes over time.

Moore Thread Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

View Full Comps Set

Access detailed peer comparisons, multiples, and valuation benchmarks.

Moore Thread Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
IPO AnnouncedDec 5, 2025
StrategicFeb 26, 2025
Series B ExtensionNov 15, 2023
Series BDec 27, 2022
Series ANov 25, 2021
Seed
Feb 25, 2021

Key People

Founding team and executive leadership

Jams Zhang

CEO President

Executive Team

Moore Thread Investors

Notable investors and investment history

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jun 15, 2026

    Open roles increased to 352, 191% of headcount.

  • Mar 23, 2026

    Launched Lushan, a new graphics rendering chip.

Moore Thread Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation

Moore Thread Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Moore Thread's valuation, stock price, and market status.

Firmographic Details

HeadquartersBeijing, Beijing
Employee Range184
Year Founded2020
Last FundingDec 5, 2025

Institutional Data Access

Join leading institutional investors using Caplight to access private market data, discover pricing, and execute secondary block trades.

Requires verified institutional or accredited status.







Disclaimer All investments involve risk, including the risk of loss of principal. You should carefully consider your investment objectives, risks, transaction costs and other expenses before deciding to invest in options, swaps or other investments.This does not constitute an offer by Caplight Technologies, Inc. to sell, or a solicitation of an offer to buy, any securities and may not be used or relied upon in connection with any offer or sale of securities. An offer or solicitation can be made only through the delivery of final offering document(s) and purchase agreement(s), and will be subject to the terms and conditions and risks delivered in such documents. Any securities offered are offered through Caplight Markets LLC, member FINRA/SIPC.