Senscomm Semiconductor secures Series A financing round led by Xiaomi-backed industry fund

2020-02-21
|
ChinaPEVC

Senscomm Semiconductor announced Thursday that it has closed its Series A round led by Hubei Xiaomi Yangtze River Industrial Fund and joined by Glory Ventures.


Senscomm Semiconductor will use the proceeds to expand its engineering team to develop and mass-produce new SoC products supporting the WiFi 6 standard, said the company. The firm will also drive the application of these products in the consumer goods market, enterprises, and IoT devices.


The company mainly focuses on research and development of semiconductors and integrated circuits and also provides machinery equipment and technical consulting service.


Founded in July 2018, Senscomm Semiconductor is a manufacturer of semiconductors headquartered in Suzhou. Previously, the company's core team has successfully developed and mass-produced more than 20 Wi-Fi, Bluetooth, and cellular 4G wireless SoC chip products worldwide, and also accumulated rich Wi-Fi 6 standardization experience.


At present, the company is working hard to accelerate the development and mass production of its new WiFi 6 products.


The founding team members of Senscomm Semiconductor came from Silicon Valley and South Korea. The core R&D engineering team is comprised of several PhDs from world-class universities; each and everyone of them has more than 20 years of chip mass production development experience, and has worked for Qualcomm, Samsung, SK Telecom, GCT Semiconductor and other globally-known wireless semiconductor companies individually.


RELATED ARTICLES

Xbed Xi Hotel receives RMB100 million in financing
2020-11-18
|
Tourism , PEVC

Memoray completes tens of millions of yuan in Series B financing
2020-11-18
|
PEVC , Medical care

Sier Education closes multi-mln-dollar Pre-A led by Qiming Venture Partners
2020-10-26
|
Education , PEVC

Eugenlight Technologies closes Series A of RMB tens of millions
2020-09-13
|
PEVC , Semiconductor , Electroinic

BPassword closes angel round led by Eagle Fund
2020-09-13
|
PEVC , Blockchain

SiLUXTEK closes multimillion-yuan financing round led by Glory Ventures
2020-07-29
|
PEVC , Chip , Semiconductor

AAC Technologies secures RMB115m strategic financing
2020-07-27
|
PEVC , Equipment

Glory Ventures completes RMB 700m over-raising fund and second phase of US dollar fund
2020-05-19
|
PEVC , Fund

NeolixTechnologies secures RMB200m Series A+ led by EV maker Lixiang
2020-03-12
|
PEVC , Autonomous driving
China SDG