Riscv Electronic closes multimillion-yuan Series A round

2020-07-28
|
Isiah Liu

Riscv Electronic closes multimillion-yuan Series A round

Xi'an Riscv Electronic recently announced the completion of 10 million yuan Series A round of financing, and the investor was Zhejiang Aobei Investment.


Proceeds from this round of financing will be used to accelerate the progress of productization, refine the talent pool, improve the design process, and finalize the supply chain.


Next, Riscv will continue to invest in product development and explore commercial implemetation in some niche scenarios.


In the next two to three years, the company will be committed to the industrial control field, based on three (8-bit MCU, 32-bit MCU, 64-bit dual-core CPU) domestic independent controllable chip core products, to create a full range of low-end, mid-range and high-end industrial control CPUs.


Riscv is a developer and manufacturer of chip-level electronic board solutions. The company is mainly engaged in the research, development and production of independent controllable integrated circuits (IC) and electronic boards that are used for special equipment and products for aerospace, power, communications, intelligent manufacturing, and other industries.


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