Nullmax completed its Series A and B financing and became a holding subsidiary of Yanshan Technology

Nullmax completed its Pre-A round of financing in 2019, with a pre-investment valuation of US$95 million. Since then, Nullmax has completed its A and B rounds of financing in 2021 and 2023, respectively, and has received investments from FutureX Fund, Yanshan Technology and other companies. Its B round of financing was as high as 780 million yuan, and it subsequently received an additional capital of approximately 995.99 million yuan from Yanshan Technology, becoming a holding subsidiary of Yanshan Technology.