IC Design Company Completed Hundreds of Millions of Yuan in Series C Financing, and Paixun Intelligent Received Over 100 Million Yuan in Strategic Financing丨Investment Express

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April 11, 2024

IT (itjuzi521)

Includes 27 investment/acquisition/IPO queuing events

Xingang Coast completed hundreds of millions of yuan in Series C financing

Xingang Coast is an IC design company, committed to the design and development of high-end enterprise-level communication chips and high-definition display chips with its own core technology. Committed to the design and development of high-end high-speed digital-analog mixed-signal chips with its own core technology, its products cover communication equipment, data centers, consumer electronics, automotive electronics and other application fields, and has been used as a major domestic supplier to help core customers in various related industries solve the supply security problems of high-end devices in multiple categories, and provide solutions closer to the long-term evolution needs of customers based on high-quality and fast technical support and services. Recently, Xingang Coast announced the completion of hundreds of millions of yuan in Series C financing, which was led by SDIC China Merchants and followed by Electronic Control Venture Capital, Qixin Capital and Qianyi Capital.

Paixun Intelligent received more than 100 million yuan in strategic financing

Paixun is an intelligent warehousing robot and industry solution provider, committed to improving the efficiency of material warehousing and circulation with AIoT + robot technology, and helping enterprises achieve automation, digitalization, and intelligent transformation and upgrading. The main products include intelligent warehousing equipment, intelligent handling equipment, material visual registration & detection & inventory system, mobile IoT storage terminal, material execution system for the production process and other software and hardware and intelligent factory integrated solutions. Recently, Paixun Intelligent has completed two rounds of strategic financing of over 100 million yuan, and the investors are Anhui State-controlled Investment and Chuanggu Capital. This round of funds will be used for technology research and development in advanced manufacturing fields such as semiconductors and new energy, the introduction of high-end talents, the construction of intelligent manufacturing bases and the development of global markets.

Domestic investment events

1. Tanoo completed a financing of RMB 28 million

Tanoou is a jewelry brand committed to creating the first brand in China that specializes in the new tailor-made service of "three golds and one diamond" for wedding jewelry. With the concept of "every piece is exclusive to true love, and no one has tried it on is the most precious", the brand subverts the traditional practice of gold and diamond spot purchase in traditional jewelry stores, and provides a jewelry buying experience with a sense of ritual and emotional value. Recently, Tanoou completed a financing of 28 million yuan, and the investor is Wang Xianliang.

2. Linton Automobile completed a Pre-A round of financing of 30 million yuan

Linton Automobile focuses on the design, R&D and manufacturing of shock absorbers for automobiles in China. Through the development of semi-active and active shock absorbers and key components, we meet the increasingly stringent safety and comfort requirements, and achieve high-quality Industry 4.0 lean production through completely independent research and development of automated production lines. Linton Automobile completed a Pre-A round of financing of 30 million yuan, led by Blue Lake Capital, followed by Gao Rong Venture Capital, Yiyuan Capital and Jun Zhiyan. This round of financing will be mainly used to accelerate the mass production of new products.

3. Yixue completed an angel round of financing of 36 million yuan

Yixue Refrigeration is a cost-effective commercial refrigeration equipment R&D provider, and a modern enterprise integrating cold and heat technology research and development, cold chain logistics equipment manufacturing, low-carbon and energy-saving technology transformation, and cold chain logistics services. The product is positioned in the cost-effective refrigeration equipment market with high efficiency and energy saving, convenient operation, and focuses on the category of commercial refrigeration equipment. The core products include commercial refrigerators, refrigerators, freezers and other refrigeration equipment, which are widely used in catering, supermarkets, convenience stores, hotels and other industries. Recently, Yixue completed an angel round of financing of 36 million yuan, which was invested by well-known institutions.

4. Yuanbo Biosciences received nearly 10 million Hong Kong dollars in seed round financing

Yuanbo Biosciences is an intelligent AI-driven cell production solution provider, focusing on intelligent AI-driven cell production solutions to promote the development of regenerative medicine and biotechnology industries. The company takes the equipment intelligence of the cell industry as its core business, and provides AI-driven cell sorting, imaging and culture equipment for the field of regenerative medicine based on its own microfluidic technology, AI technology and iPS cell culture technology, with the ultimate goal of realizing the automation of the entire cell and organ production process. Recently, Yuanbo Biosciences has completed a seed round of financing of nearly 10 million Hong Kong dollars, and is expected to launch 5-10 intelligent cell industrial equipment within the year, as well as complete the acquisition of Japanese cell industry technology.

5. Yike Energy was listed on the New Third Board for public transfer

Ecoana Energy is a lithium-ion battery module developer, integrating R&D, design, production and sales, including lithium battery modules, energy storage power supplies, outdoor mobile power supplies and motorcycle starter batteries. Recently, the listing application of Hefei Eco Energy Co., Ltd. (stock abbreviation: Eco Energy, stock code: 873144) was approved and will be listed on April 10, 2024.

6. Jiale Holdings recently received a new round of financing

Jiale Holdings is an urban smart service solution provider, focusing on intensive urban industrial development, and is committed to strengthening the smart service chain and optimizing emerging cultural industries. The company integrates the industrial chain ecosystem, forms a strong comprehensive competitiveness, and is committed to becoming a "comprehensive operator of a better life" in urban development. Jiale Holdings recently received an angel round of financing from a well-known institution, with an investment amount of up to 27 million.

7. Stig-Tech completed angel+ round of financing

SunVISION Technology is a start-up engaged in high-level autonomous driving simulation industrial software, mainly focusing on the deep integration of AI algorithms and application scenarios. SunStart has developed its own algorithms based on deep reinforcement learning and its complete large-scale model development tool chain, and uses it to empower industrial scenarios such as autonomous driving, intelligent transportation, and industrial control. Recently, SunStart Technology completed the angel+ round of financing, and the investor is Huashan Capital. This round of financing will be used for R&D investment to create better intelligent driving simulation products.

8. Green Bullet completed the angel round of financing

Green Bullet Technology is an extreme sanitize brand for young people, committed to providing young people with efficient and reliable sanitize products, and creating a fresh and safe living environment. The products that have been released include outdoor mosquito repellent water "Green Bullet No. 1" and professional rapid cockroach extermination glue bait "Dongfeng Green Bullet" and other products, among which "Green Bullet No. 1" can not only achieve 6 hours of long-lasting protection, but also adopts a portable bottle design, suitable for outdoor activities, travel and vacation, daily life and other scenarios, for consumers to escort around the clock and avoid mosquito bites. Recently, Green Bullet completed an angel round of financing, and the angel round investor is Shenzhen Xiaokuo Technology Co., Ltd.

9. AI chip designer Moxin received Series B financing from Ant Financial and others

Moxin is an AI chip designer committed to innovation, using sparsity algorithms, aiming to create the next generation of artificial intelligence chips, by optimizing the computing mode, supporting the development of comprehensive sparse neural networks, and providing a general-purpose AI computing platform with ultra-high computing power and ultra-low power consumption. Recently, it announced that it will complete two rounds of financing of hundreds of millions of yuan each in Series A + and Series B within half a year. The newly completed Series B financing was led by Ant Group, followed by Shengjing Jiacheng, and the previously completed Series A+ financing was led by Gimpo Investment Shanghai Fintech Fund, followed by BGI Songhe Angel Fund and Yanshan Technology Strategy, and a number of financial institutions and old shareholders Jiangmen Venture Capital continued to follow. The company continued to act as financial advisor to the company in two rounds of financing. The funds raised in the two rounds will be used for the research and development of the company's second-generation AI chips, market expansion and the construction of a sparse ecosystem.

10. Fangsheng Medical Kang's Series A financing of tens of millions of US dollars

Fangsheng Medical Care is a full-life cycle care product and service provider, committed to the development of the cause of big health, and perfectly integrates innovative Internet medical care and health service management. The company focuses on creating multi-dimensional life-cycle maintenance products and services to meet people's pursuit of a higher quality of life. RECENTLY, FANGSHENG MEDICAL HEALTH COMPLETED A ROUND OF FINANCING, WITH A FINANCING AMOUNT OF 10 MILLION USD, AND THIS ROUND OF FINANCING WAS LED BY FULLSTATE GROUP LIMITED.

11. NORD plans to acquire 90.2% of the shares of Cloud Wealth Futures for 455 million yuan

Cloud Fortune Futures is a futures brokerage service provider, a large-scale professional futures brokerage company established in Xinjiang, mainly engaged in commodity futures brokerage and financial futures brokerage. It is an official member of all futures exchanges in China (China Financial Futures Exchange, Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange, Shanghai International Energy Exchange Center), and a group member of China Futures Association. Recently, NORD plans to acquire 90.2% of the equity of Cloud Wealth Futures in cash, with a transaction consideration of about 455 million yuan.

Foreign investment events

1. GoodGist receives $1 million in strategic investment

GoodGist is an AI technology developer specializing in enterprise skills development and knowledge management automation, focusing on enterprise skills development, utilizing AI generation technology for professional upskilling, reskilling and knowledge management. Companies can personalize and optimize the use of corporate knowledge, making knowledge available on demand, increasing employee productivity and engagement. At its core, GoodGist is a proprietary content intelligence system. GoodGist has raised $1 million in funding. Backers include FortyTwo.VC, Cedar Ridge Ventures, DX Partners, and angel investors from tech companies like Microsoft and Amazon.

2. Symbolica raises $31 million in Series A financing

Symbolica, an AI base model developer, has created a framework for developing an alternative to the "Transformer" deep learning architecture. Symbolica announced that it has raised $31 million in a Series A funding round led by Khosla Ventures. In addition, General Catalyst, Abstract Ventures, and Buckley Ventures also participated in the round.

3. Thesis raises $21 million in Series A+ financing

Thesis is a privacy protocol provider with a privacy protocol layer project "Keep Network" and the tBTC protocol, and can also provide users with cross-chain financial services. Thesis has closed a $21 million Series A funding round led by Pantera Capital with participation from Multicoin, Hack VC, Draper Associates, and others.

4. OpenTrade raised $3.2 million in seed round

OpenTrade is a Web3 institutional lending and yield product platform built on top of Circle's payments and DeFi infrastructure, allowing regulated asset managers to create yield-bearing on-chain lending products. OpenTrade announced the closing of a $3.2 million seed round with participation from a16z Crypto Startup Accelerator (CSX), CMCC Global, Draper Dragon, Ryze Labs, and Plassa Capital, among others.

5. Monad Labs receives $225 million in strategic investment

Monad Labs is an EVM-compatible blockchain project that will employ a proof-of-stake consensus mechanism and will be compatible with the Ethereum Virtual Machine (EVM). Monad Labs raised $225 million in a funding round led by Paradigm, with participation from investors such as Electric Capital and Greenoaks.

6. Pete raised $2 million in seed round

PETE is an AI-powered edtech service provider that provides a complete suite of cost-effective, customizable solutions to help businesses deliver personalized workforce learning at scale. Focus on developing AI-driven courses to meet different training needs, including onboarding, regulatory compliance, product knowledge, technical skills, and more. The platform provides seamless hosting and distribution of content through PETE's Learning Management System (LMS) and provides a suite of management tools to track learners' progress. PETE successfully raised $2 million in a seed round led by Cofounders Capital.

7. Loora raises $12 million Series A funding

Loora is a generative AI English learning service provider that develops generative AI conversation assistants to help users develop the ability to speak English fluently. According to Loora, talking to a virtual language coach is the equivalent of practicing with native English speakers on the learner's own terms. Loora says its services are available around the clock, providing feedback on grammar, pronunciation and accent without judgment, and are much cheaper than private teachers. Loora announced the closing of a $12 million Series A funding round led by OP Ventures.

8. Rivia Health raises $3.25 million in seed round

Rivia Health is a patient payment platform focused on simplifying medical bill payments and revolutionizing revenue cycle management for providers. Recently, Rivia Health raised $3.25 million in seed round, led by PHX Ventures and with participation from In Revenue Capital.

9. Basemark raises €22 million in Series B financing

Basemark is a developer of autonomous vehicle software, specializing in graphics software and autonomous vehicle software. The company developed a benchmark virtual reality software called VRScore and began entering the field of autonomous driving software in 2018. A few days ago, Basemark announced that it had successfully raised 22 million euros (about 173 million yuan) in its Series B financing. Led by ETF Partners, with participation from the Finnish Industrial Investment Corporation (Tesi), Constructor Capital, the Finnish Business Investment Agency, and the European Innovation Council, as well as private investors.

10. Storm Labs raises $3 million in seed round

Storm Labs is an on-chain investment project provider that has built Cove, an on-chain portfolio manager, that allows users to build and manage customized DeFi portfolios without manual effort, addressing issues such as loss and rebalancing. Storm Labs has raised $3 million to build Cove, an on-chain portfolio manager. The round was led by Electric Capital, with participation from Accomplice, Robot Ventures, Daedalus, and leading angel investors in the industry.

11. Peptobiotics raises $6.2 million Series A financing

Peptobiotics is a provider of agritech solutions to help reduce reliance on antibiotics in the livestock and aquaculture sector through recombinant antimicrobial peptide technology. Peptobiotics has announced that it has raised a $6.2 million Series A funding round. The oversubscribed financing was led by Hatch Blue (through the Blue Revolution Fund) and featured existing investors Trendlines Agrifood Fund, Ponderosa Ventures, The Yield Lab Asia Pacific, as well as Seeds Capital, Seventure Partners, GrainCorp Ventures, Farmabase participated.

12. Leasecake raises $10 million Series A financing

Leasecake is a commercial real estate operating system developer that provides users with event notification services such as renewal notifications, rent increases, and insurance expiration certificates, making it easier to collaborate across departments and team members. Leasecake announced a $10 million Series A funding round to solidify its market position and drive growth. The round was led by PeakSpan Capital and Las Olas Venture Capital, with additional support from Silicon Valley Bank's venture debt financing.

13. 银湖资本130亿美元收购Endeavor

Endeavor is a sports and entertainment marketing group that covers sports events, international fashion weeks, art fairs and other events in 20 sports in 25 countries. SilverLake, a private equity firm, announced that it has agreed to take the talent and entertainment organization private in a $13 billion deal.

14. Warburg Pincus (华平海外投资)收购Appasamy

Appasamy is an ophthalmic medical device manufacturer, principally engaged in the manufacture and distribution of ophthalmic diagnostic devices and surgical systems, microscopes, ophthalmic lasers, intraocular lenses, surgical instruments, and pharmaceutical products. Recently, Warburg Pincus acquired Appasamy.

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