MeetFuture Raised over CNY 100 Mn in Series B

According to the company's disclosure, MeetFuture has completed its Series B financing and raised over CNY 100 million, led by the General Technology High-End Equipment Industry Fund, followed by Haitong Innovation Securities and Bojiang Capital. It is worth mentioning that Qiming Venture, the leading investor in Series A, continued to take part in the investment, and Winsoul Capital served as the exclusive financial adviser. The company said that this financing round would be mainly used for three purposes: supporting the research of automated material handling systems (AMHS), expanding production scale and expanding overseas market.

MeetFuture is a semiconductor equipment and parts supplier, which mainly produces, develops, and sells AMHS, an automatic material transfer system suitable for semiconductor wafer factories. Founded in 2014, the company is headquartered in Shanghai, with its subsidiaries located in Singapore. The 2,000 square meter plant in phase I of the company has been put into use, and the 8,000 square meter plant in phase II is expected to be put into service by the end of 2022.

AMHS is one of the core systems that can directly affect the performance of the material operation and capacity in semiconductor wafer factories. In a fully automatic wafer factory with a monthly capacity of 40,000 wafers with 28nm process nodes technology, hundreds of thousands of wafer boxes are transmitted every day. Improving production efficiency through the deployment of the AMHS system has become a priority for large-scale mass production of advanced process wafer factories. MeetFuture said that the goal of the next stage is to deliver more AMHS whole plant systems of semiconductor wafer factories, iteratively optimize products from actual combat, improve market share and accelerate global expansion, which makes it a company-worthy paying attention.