TZAUTO nets hundreds of millions of yuan in Series B&B+

TZAUTO has completed the Series B/B+ rounds of financing and garnered hundreds of millions of yuan from Xiaomi Changjiang Industrial Investment Fund, An Xin Capital, Oriza Holdings and other institutions. The company’s current valuation has exceeded billions of yuan.

TZAUTO has completed the Series B/B+ rounds of financing and garnered hundreds of millions of yuan from Xiaomi Changjiang Industrial Investment Fund, An Xin Capital, Oriza Holdings and other institutions. The company’s current valuation has exceeded billions of yuan.

TZAUTO is a developer of semiconductor technology for automation and manufacturing enterprises. The company produces semiconductors that meet SECS/GEM standards and hopes to bring intelligent manufacturing solutions to market.

TZAUTO is a high-tech enterprise with comprehensive and independent intellectual property rights, standard SECS/GEM protocol R&D capabilities, and non-standard equipment ISECS. This is another heavyweight financing round after the company hauled in more than 100 million yuan in its Series A round in July 2019.

The institutions participating in the Series B round and Series B+ round include Xiaomi Changjiang Industrial Investment Fund, An Xin Capital, Oriza Holdings, Triniti Capital, Restone Capital, SDIC, CMB International Capital and other institutions. Notably, these institutions are leaders in the field of integrated circuit or smart manufacturing investment.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/21/tzauto-nets-hundreds-of-millions-of-yuan-in-series-b-b/.

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