Alpha Smart Connection nets tens of millions of yuan in Pre A financing round

Alpha Smart Connection announced the completion of tens of millions of yuan in its Pre-A round of strategic financing and landed in Shengzhou, Shaoxing of Zhejiang Province. The investor was Zhejiang Ji’ang Transportation Facilities.

Alpha Smart Connection announced the completion of tens of millions of yuan in its Pre-A round of strategic financing and landed in Shengzhou, Shaoxing of Zhejiang Province. The investor was Zhejiang Ji’ang Transportation Facilities.

Proceeds from this round of financing will be used for Alpha Smart Connection to set up a factory in Zhejiang to produce Internet of Things products. In the meantime, this round of financing will further strengthen the cooperation between Alpha Smart Connection and Ji’ang in intelligent transportation facilities.

Alpha Smart Connection was established in Tsinghua Science and Technology Park on December 14, 2018, and it is a high-tech company dedicated to LED driver chip design, semiconductor module development and Internet of Things scenario development.

The core team members come from well-known institutions such as Tsinghua University, McKinsey, Goldman Sachs, Fraunhofer Institute of Germany, and General Electric in the United States.

The new-generation IoT LED driver chip developed by the company has the advantages of small size, long life, strong performance and low cost. It can completely replace the existing LED driver power supply and subvert the traditional LED driver industry.

The chips can also install various modules including 5G, WiFi, Bluetooth, ZigBee, NFC, Lifi and other communication modules to create an information highway for data transmission.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/12/alpha-smart-connection-nets-tens-of-millions-of-yuan-in-pre-a-financing-round/.

Leave a Reply

Your email address will not be published. Required fields are marked *