TOPNC, a high-end manufacturing technology company, bags hundreds of millions of CNY from the Series D financing round led by Legend Capital. It completed CNY 500 million(USD 74 million) in Series C financing in 2021.
Shanghai TOP Numerical Control Technology Co. Ltd.(TOPNC, Chinese:拓璞科技), completed a Series D financing round worth CNY hundreds of millions led by Legend Capital. Jiufite Management, Tide Investment and FC Innovation Fund participated in this round and Deep Blue Partners continued to serve as the exclusive financial advisor, news portal 36kr.com reported.
TOPNC, founded in 2007, is a high-end manufacturing technology company dedicated to providing intelligent manufacturing equipment and process solutions for aerospace companies. It focuses on aerospace vehicle production. More specifically, its products include mirror milling machines, large ultra-high precision five-axis machines, large horizontal five-axis machines, standard five-axis machines and aerospace assembly.
As the machine tool of the equipment manufacturing industry, CNC (Computer numerical control) machine tools play a strategic role in achieving the rapid development of China's aerospace high-end manufacturing industry and making breakthroughs in key but bottlenecked technology for China's development. Besides, five-axis CNC technology is one of the important standards to measure the technical level of a country's complex precision parts manufacturing capacity.
TOPNC has spent much effort on developing the independent and controllable demand for high-end manufacturing equipment in the major model tasks of China's aerospace field where Foreign countries have imposed a strict technical blockade on strategic products and core technologies.
Now the company delivered the world's first three parallel mirror milling equipment. It is the only mirror milling equipment supplier in China. At the same time, it landed the first domestically-made large horizontal five-axis production line and the independent controllable domestic aircraft assembly line.
TOPNC's international competitors include Mazak and MAG and domestic ones include SINOMACH Precision Industry(Chinese:国机精工), ZTMT(Chinese:紫天传媒科技) and HDCNC(Chinese:华东数控).