Thursday, 2024 June 13

CHINA BRIEF | Wuhan-based chip design startup closes USD 25.3 million Series B round

Wuhan-headquartered integrated circuit (IC) designer Silicon Integrated has scored RMB 180 million (USD 25.3 million) in its Series B round led by CTC Capital and with the participation of Allin Capital and Jiangmen Investment Fund, 36Kr reported on Monday.

New funds will be used to mass-produce 3D imaging ToF deep sensors and audio amplifiers, and on research and development of LiDAR technology and new “optical sensing and multi-sensing fusion technologies,” said the firm.

LiDAR, or light detection and ranging, is a remote sensing method applied to measure the distance of an object on the earth’s surface. Time of Flight (ToF) sensors are also utilized to measure distances based on the time for emitted photons to be reflected on a surface.

The company launched a 3D imaging sensor named  SIF 2310 in March this year, which can be used for facial recognition, gesture recognition, and autonomous driving, 36Kr reported.

The firm’s smart audio power amplifier chip, SIA810X, designed to boost the magnitude of audio signals and protect speakers from overheat, has been used on tens of millions of smartphones, 36Kr wrote.

“CTC Capital, which has rich experience in semiconductor industrialization and industry resources, will empower Silicon Integrated in key processes such as wafer foundry, packaging, and testing,” Tang Zhihua, a partner with CTC Capital, told 36Kr.

36Kr is KrASIA’s parent company

This article is part of KrASIA’s “China Brief” section, where KrASIA’s reporters will provide quick daily updates about the tech ecosystem in China.

Jingli Song
Jingli Song
I believe Chinese innovation at various level needs to be known by the world.
MORE FROM AUTHOR

Related Read