Facewall Intelligent completed a new round of financing of hundreds of millions of yuan, and the autonomous driving equipment company completed hundreds of millions of yuan in Series C financing |

Daily Venture Capital Express

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April 12, 2024

IT (itjuzi521)

Includes 24 investment/acquisition/IPO queue events

Facewall Intelligent completed a new round of financing of hundreds of millions of yuan

Facewall Intelligence is an artificial intelligence large model acceleration and application empowerment company. The company relies on the open source community to build a large-scale pre-trained model library and related tools to accelerate the training, fine-tuning and inference of large models of more than 10 billion yuan, lower the threshold for the use of large models, and further promote the application and implementation of large models in typical scenarios and fields of artificial intelligence. Recently, Facewall Intelligence has completed a new round of financing of hundreds of millions of yuan, led by Primavera Venture Capital and Huawei Hubble, followed by Beijing Artificial Intelligence Industry Investment Fund, etc., and Zhihu continues to follow the investment support as a strategic shareholder. This round of financing will be used in three directions: talent introduction, construction of underlying computing power and data infrastructure of large models, and landing of large models. Light Source Capital acted as exclusive financial advisor.

Kalman completed hundreds of millions of yuan in Series C financing

Kalman is an autonomous driving intelligent equipment company, committed to applying high-precision GNSS satellite navigation, inertial navigation, visual navigation and lidar and other technologies to low-speed closed autonomous driving scenarios, independently developing, producing and selling various unmanned system software and hardware products, providing overall solutions for unmanned systems, and covering intelligent agricultural machinery, intelligent water conservancy and intelligent garden machinery. Recently, Kalman completed hundreds of millions of yuan in Series C financing, led by Bailian Zhigao Capital, followed by Innovation Works, Shenzhen Investment Holding Shenzhen-Hong Kong Science and Technology Innovation Fund, SME Specialized and Special New Fund, etc., The financing funds will be mainly used for capacity construction and technology research and development.

Domestic investment events

1. Jianshi Medical received a new round of financing of hundreds of millions of yuan

Jianshi Medical is a multi-therapy medical device developer, focusing on cardiology, oncology, peripheral vascular and neurovascular interventional products, and is committed to the development and production of value-segmented multi-therapy medical device products. The product portfolio includes interventional cardiology, surgery, interventional oncology, orthopedics, dentistry and other categories. Recently, Jianshi Medical received a new round of financing of hundreds of millions of yuan, which was led by Tin Venture Capital and Binhu Industrial Group, and followed by well-known medical device industry in the United States. This round of financing will be used for product research and development, production expansion and subsequent commercial expansion at home and abroad.

2. Brite shares were listed today at an issue price of 19.86 yuan per share

Brite is a provider of customized chip design solutions, targeting high-end system-on-chip (SoC) design services and one-stop turn-key services below 55nm/40nm/28nm, focusing on providing users with one-stop services from source code or netlist to finished chips, and is committed to providing users with low-cost, low-risk complete chip solutions for complex ASIC designs. It can be used in consumer electronics, Internet of Things, wearable devices, communications, computers, industry, and municipal fields. Brite Co., Ltd. was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange today with the stock code of 688691, the issue price of 19.86 yuan per share, and the issue price-to-earnings ratio of 25.12 times.

3. Changcheng Pharma completed tens of millions of yuan in Pre-A round of financing

LONG-TIME PHARMA IS A DEVELOPER OF NEW ANTI-TUMOR DRUGS, FOCUSING ON THE DEVELOPMENT OF PRODRUG TECHNOLOGY PLATFORMS AND THE DEVELOPMENT AND INNOVATION OF FIRST-IN-CLASS AND BEST-IN-CLASS DRUGS. The company has built a rich product pipeline and developed GIBP technology, a prodrug technology platform with independent intellectual property rights. Recently, Changcheng Pharmaceutical completed tens of millions of yuan in Pre-A round of financing, which was led by Changxing Fund and followed by industry stakeholders.

4. Yipin Biotech completed tens of millions of yuan in Series A financing

Yipin Biotech is a medical device CDMO service provider, focusing on medical aesthetics, gels, catheters, IVD reagents and other product categories and providing related services. We are committed to building an integrated service platform for CRTDMO of medical devices. Recently, Yipin Biotech has completed tens of millions of yuan in Series A financing. This round of financing was led by Guiyang Venture Capital, followed by Guiyang Health Investment and Guiyang Baiyun Industry. This round of financing will be mainly used to accelerate the construction of a high-level passive medical device CDMO platform in the Medical Device Industrial Park of Baiyun District, Guiyang City, focusing on providing related services for medical beauty, gels, catheters, IVD reagents and other product categories.

5. Mapping Geometry completed its first round of financing

Mapping Geometry is a data element service provider, which has built a technical system with "big data, large model, and big security" as the core, and is an innovative high-tech enterprise and data element enterprise based on general artificial intelligence. Recently, Mapping Geometry completed its first round of financing at a valuation of 10 million. This round of financing will be mainly used to expand the capabilities of intelligent computing application services. The investment institution of this round of financing is Chengdu Yixinyan Enterprise Management Consulting Co., Ltd.

6. Perovsk Optoelectronics completed an angel round of financing of 10 million yuan

Perovskite Optoelectronics is a high-tech enterprise focusing on the research and development of perovskite solar cells and modules under Shanghai Dongjian Digital Energy Technology Group Co., Ltd., and is committed to building a digital sustainable energy system integrating photovoltaic, battery and energy storage. At present, Lotte Perovsk Optoelectronics has precision slit coating technology, large-area thin film printing technology, plasma deposition technology, precursor synthesis technology and electron-hole transport layer control technology. Recently, perovsk optoelectronics completed a 10-million-level angel round of financing, and the investor was not disclosed.

7. Kangju people are listed on the New Third Board for public transfer

Kangjuren is a medical device manufacturer, committed to the research in the field of chronic disease respiration, integrating R&D, production and sales, and its main business is oxygen concentrators and nebulizers and other medical device products. Recently, the listing application of Hefei Kangjuren Medical Device Technology Co., Ltd. (stock abbreviation: Kangjuren stock code: 874120) was approved and will be listed from April 11, 2024.

8. Iridium Technology completed a Series A financing of RMB 30 million

Iridium Technology is a new generation of semiconductor optoelectronic materials R&D and manufacturer, focusing on the R&D, production and sales of perovskite solar cell module precursor materials and other functional powders. Recently, Iridium Technology completed a round of financing of 30 million yuan, and the investor is Xiangjiang Group.

9. Undercurrent Technology completed millions of angel+ rounds of financing

Undercurrent Technology is a fuel cell stack and system provider, the company has established core technical barriers in fuel cell electrolyte formulation and membrane electrode process, and developed carb-based fuel powders with a volumetric energy density similar to that of gasoline. In addition, the main raw material of the fuel carried by the company's biomass fuel cell system is industrial-grade carbohydrate substances, which can be directly turned into biomass fuel after activation. Recently, Undercurrent Technology completed the completion of millions of angel + round of financing, which was invested by Foshan Huizhi Weichuang Technology Investment Co., Ltd.

10. Dingtai Jiachuang completed nearly 100 million yuan in Series A financing

Dingtai Jiachuang is a provider of intelligent equipment for power electronic products, independently developing intelligent manufacturing systems for power electronic products, energy-saving electronic loads, non-standard aging rooms, ATE automatic test systems, etc., to provide integrated production solutions for power electronic products. Recently, Dingtai Jiachuang completed nearly 100 million yuan in Series A financing, led by Tongchuangweiye. The funds will further strengthen the R&D and market investment of Dingtai Jiachuang in the field of new energy vehicles and upstream core components, new energy optical storage and charging, and other pan-power electronic product intelligent testing equipment, and promote the company's team upgrading, technological innovation, new product line development and iterative upgrading, customer expansion, etc.

Foreign investment events

1. ONUM raises $28 million in Series A financing

ONUM is a data management service provider that meets the needs of users by observing, filtering, enriching, and orchestrating their data in real time. Recently, ONUM received $28 million in Series A financing, with investment from Insight Partners, Kibo Ventures, and Dawn Capital.

2. WYZauto received $2.25 million in Pre-A financing

WYZauto is an online tyre ordering platform that aims to provide online sourcing services for car owners and tyre brands (covering two- and four-wheeled vehicles) through its online trading platform. WYZauto recently announced that it has received a $2.25 million Pre-A round of financing. The funding round was led by Vynn Capital, with participation from new investor Vincent Lee and existing investor Kaya Founders.

3. Stream Trading raises $1.5 million in seed round

Stream Trading is a decentralized derivatives trading platform that focuses more on funding rates than swap fees compared to other competitors. Stream Trading closed a $1.5 million seed round at a valuation of $20 million, with participation from Polychain.

4. Alpen Labs raised $10.6 million in seed round

Alpen Labs is a Bitcoin L2 developer that has developed the Bitcoin Rollup infrastructure, which aims to bring smart contract functionality to the Bitcoin network. Alpen Labs closed a $10.6 million seed round led by Ribbit Capital with participation from Castle Island Ventures, Robot Ventures and Axiom Capital, among others.

5. TORL raises $158 million Series B+ financing

TORL is a developer of biologics for cancer therapeutics, focused on developing novel biologics for cancer treatment. The Company has exclusive development and commercial rights to biologics-based drug candidates focused on promising cancer targets. TORL's lead drug program targets Claudin 6 (CLDN 6) and Claudin 18.2 (CLDN 18.2), both of which are currently in clinical trials. TORL Raises $158 Million Series B+ Funding Round Led by Deep Track Capital, Goldman Sachs (Overseas), Moore Strategic Ventures, Perceptive Advisors, RA Capital Management, UC Investments, Vertex, Xontogeny, Bristol-Myers Squibb and Blue Owl participated.

6. Auradine raised $80 million in Series B financing

Aura dine is a blockchain infrastructure developer that is developing a wide range of hardware and software infrastructure, including energy-efficient silicon, zero-knowledge proofs (blockchain-based privacy tools), and artificial intelligence (AI) solutions for decentralized applications. Auradine announced the closing of an $80 million Series B funding round with participation from StepStone Group, Top Tier Capital Partners, MVP Ventures, Maverick Capital, Celesta Capital, Mayfield Fund, and Marathon Digital, among others.

7. ZOTH raised $2.5 million in seed round

ZOTH is a decentralized platform that bridges emerging market borrowers and crypto lenders through Defi using tokenization and blockchain technology, providing faster and more reasonable financial services to SMEs and enabling crypto lenders to earn high, secure, and sustainable yields. Recently, ZOTH received $2.5 million in seed funding from Wormhole Ecosystem Fund, Decubate, Outlier Ventures, Aztlan Capital, SingularityDAO, Momentum6, YAP Capital, Mindfulness Capital, Borderless Capital, and Blockchain Founders Fund Investment.

8. sapien.io raised $5 million in seed round

sapien.io, an AI data labeling provider, is building a human data annotation network that the AI industry relies on to power its high-performance models, creating a positive reinforcement loop through novel approaches to human data labeling through gamification and blockchain incentives, ensuring high levels of annotator engagement and optimal data quality for customers. Sapien raised $5 million in a seed round. Investors in the round include Primitive Ventures, Animoca, Ravikant Capital, and Yield Guild Games.

9. Sortium raised $4 million in angel round financing

Sortium, a Web3 entertainment technology developer, is focused on showcasing its technology framework to help potential partners and customers understand what generative AI systems, blockchain, and dynamic private economic systems can achieve, and the company is also preparing to launch its first play-to-earn game. Recently, Sortium received $4 million in angel round financing, with investment from Signum Growth Capital, Ark Investment Management, IDG Blockchain, IVC Fund, Polygon, and 1881 S Group.

10. Platform Science获得D轮融资

Platform Science is an in-vehicle mobile application developer, mainly developing DTNA in-vehicle management software, the driver only needs to bring an authorized mobile device, log in to the new car's DTNA in-vehicle telematics system to connect to the vehicle and display vehicle-related information, so as to manage, track and configure the vehicle, is committed to providing users with comprehensive fleet management services. Platform Science has completed its Series D funding round. This round of financing was jointly participated by 8VC, Activant Capital, BDT & MSD and other investors, and the amount of financing was not disclosed.

11. Cadient已被私募股权公司Basis Vectors Capital收购

Cadient is a talent acquisition solutions provider that dramatically reduces turnover and increases productivity for the world's largest hourly recruiter. The company's focus is on high-volume, targeted recruitment, and is adept at recruiting diverse and high-retention talent. Cadient has been acquired by Basis Vectors Capital, a private equity and technology investment firm.

12. Vertex will acquire Alpine for approximately $4.9 billion

Alpine Immune Sciences, a new biotechnology company, was looking for a way to allow molecules to lower or stimulate the immune system response in specific situations. Vertex will acquire Alpine at a price of US$65 per share for a total of about US$4.9 billion (about 35.454 billion yuan) to expand its footprint in the field of kidney and immune system diseases.

IPO queue

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