Crowntech Photonics received multi-millions in B+ round

Crowntech Photonics announced the completion of a new round of B+ tens of millions of yuan financing, led by Yunqi Partners, followed by existing shareholders.

Crowntech Photonics announced the completion of a new round of B+ tens of millions of yuan financing, led by Yunqi Partners, followed by existing shareholders.

According to co-founder Gong Jingyao, this round of financing is mainly used to build its US branch and Changzhou plant, further expand its R&D team and overseas sales.

Founded in April 2013, Crowntech Photonics is an intelligent manufacturing enterprise of core components for 5G and network transformation and upgrading, and an overall solution provider for passive high-end products for optical communications.

With the mission of “using technology to promote the broader future of optical communications”, the company focuses on the field of optical communications and provides core high-end passive products, with profound technology accumulation and intelligent production technology.

Its wholly-owned factories and branches are located in Changzhou Wujin High-tech Zone, Yingkou Coastal Industrial Base and Washington State.

As an important part of 5G construction, optical communication has high technical requirements.

Crowntech Photonics is said to have strong research and development team, experienced industry experience and leading market expansion ability, and has developed and produced high-end passive products, such as optical bifurcation interleaver, gain flattening filter (GFF), arrayed waveguide grating multiplexer (AWG), and the world’s smallest dense wavelength division multiplexer (DWDM).

The products are widely used in the 5G network construction in South Korea and Japan, as well as in the big data center network in the United States.

As an important part of the “new infrastructure” named in China, by 2025, the cumulative investment in the upstream and downstream of the industrial chain will exceed 3.5 trillion yuan, and the cumulative information consumption brought about by 5G commercial will exceed 8.3 trillion yuan, according to the forecast of China Academy of Information and Communications Technology.

In addition, 5G will create more than 3 million jobs.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/16/crowntech-photonics-received-multi-millions-in-b-round/.

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