On September 28th, Nanjing Chips semiconductor Technology Co., Ltd. (hereinafter referred to as “Cores”) announced the completion of a 500 million RMB Series A financing. This round of financing was led by Heli Capital, and a large proportion of old shareholders such as Matrix Partners China, CLP Walden, Lenovo Ventures, Xiangfeng Investment, Sequoia Capital China Fund and Accurate Lisheng participated in the investment.
Xinchi Technology was established in June 2018. It mainly develops highly reliable and high-performance automotive-grade processor chip products to fill the gap in the domestic high-end automotive core chip market. The company has received angel round financing from Walden International, Sequoia Capital China Fund, Lenovo Venture Capital, Hechuang Capital, etc. in 2018, and completed a Pre-A round of financing of hundreds of millions of RMB in 2019, led by Matrix Partners China , Xiangfeng Investment, Lenovo Venture Capital, Lanpu Capital, Chendao Capital, Chuangtu Jungle, etc. followed the investment.
Talking about the investment logic, Zhang Biao, a partner of Heli Capital, said that the market space for automotive semiconductors is very large, the industry is growing rapidly, the barriers are high, and it is difficult to enter and exit. At present, the automotive SoC processor chips are basically monopolized by foreign automotive semiconductor companies, and the founding team of Coretech has more than 20 years of experience in the automotive semiconductor industry. Its automotive regulated processors have world-class product competitiveness and are expected to break the monopoly. Heli Capital will also help Xinchi Technology in the semiconductor industry chain and industry resources.
Wang Huadong, a partner of Jingwei China, said that they have been investing heavily in the smart car industry chain four years ago, and investing in Xinchi Technology is an important layout in the field of automotive chips. Coretech delivered three chips in less than two years, reflecting strong creativity and execution.
Huang Qing, managing director of Walden International, said that in response to the domestic demand for smart travel, Xinchi Technology has solved the travel pain points of users. “The forward-looking product planning and the pragmatism of vehicle-level development are invaluable in the context of core-making heat.”
On September 28th, Nanjing Chips semiconductor Technology Co., Ltd. (hereinafter referred to as “Cores”) announced the completion of a 500 million RMB Series A financing. This round of financing was led by Heli Capital, and a large proportion of old shareholders such as Matrix Partners China, CLP Walden, Lenovo Ventures, Xiangfeng Investment, Sequoia Capital China Fund and Accurate Lisheng participated in the investment.
Xinchi Technology was established in June 2018. It mainly develops highly reliable and high-performance automotive-grade processor chip products to fill the gap in the domestic high-end automotive core chip market. The company has received angel round financing from Walden International, Sequoia Capital China Fund, Lenovo Venture Capital, Hechuang Capital, etc. in 2018, and completed a Pre-A round of financing of hundreds of millions of RMB in 2019, led by Matrix Partners China , Xiangfeng Investment, Lenovo Venture Capital, Lanpu Capital, Chendao Capital, Chuangtu Jungle, etc. followed the investment.
Talking about the investment logic, Zhang Biao, a partner of Heli Capital, said that the market space for automotive semiconductors is very large, the industry is growing rapidly, the barriers are high, and it is difficult to enter and exit. At present, the automotive SoC processor chips are basically monopolized by foreign automotive semiconductor companies, and the founding team of Coretech has more than 20 years of experience in the automotive semiconductor industry. Its automotive regulated processors have world-class product competitiveness and are expected to break the monopoly. Heli Capital will also help Xinchi Technology in the semiconductor industry chain and industry resources.
Wang Huadong, a partner of Jingwei China, said that they have been investing heavily in the smart car industry chain four years ago, and investing in Xinchi Technology is an important layout in the field of automotive chips. Coretech delivered three chips in less than two years, reflecting strong creativity and execution.
Huang Qing, managing director of Walden International, said that in response to the domestic demand for smart travel, Xinchi Technology has solved the travel pain points of users. “The forward-looking product planning and the pragmatism of vehicle-level development are invaluable in the context of core-making heat.”
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