Eswin closes RMB2b new financing round

Eswin recently announced the completion of a new round of financing, with a total amount of more than 2 billion yuan.
This round was jointly led by Legend Capital and IDG Capital, with participation from Haining Juanhu Science and Technology City Development Investment, RHC, Lighthouse Capital, as well as existing investors Beijing Singularity Power Investment Fund, Triniti Capital, and Broad Vi

Eswin recently announced the completion of a new round of financing, with a total amount of more than 2 billion yuan.

This round was jointly led by Legend Capital and IDG Capital, with participation from Haining Juanhu Science and Technology City Development Investment, RHC, Lighthouse Capital, as well as existing investors Beijing Singularity Power Investment Fund, Triniti Capital, and Broad Vision Funds.

Lighthouse Capital served as the sole financial advisor for this round.

Eswin is a chip design and solution provider, supported by the three core technologies of display and video, AI data processing and wireless connection.

It focuses on mobile terminal, smart home, smart transportation, industrial Internet of Things and other application scenarios, and provides clients with four types of chips and solutions such as display and video, smart connection, smart IoT and smart computing acceleration.

At present, a number of products applied to the terminals have been mass-produced to achieve the first shipment of the client; the AI acceleration chip has been taped out and is the first general-purpose parallel computing acceleration chip based on the RISC-V architecture in China.

Eswin will mainly use the proceeds from this financing round for product development, IP spending, as well as team expansion and talent recruitment, and strive to improve the entire product line layout, strengthen the ecological attributes to continuously enhance its core competitiveness.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/09/eswin-closes-rmb2b-new-financing-round/.

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