Suzhou Yuntu Semiconductor Co.(Chinese: 苏州云途), a fast-growing Chinese auto-level chip developer, announced that it completed hundreds of millions of CNY in series A+ round financing last Friday. This financing round is mainly used to improve the research and development in car-level MCUs, product planning, product sales, and marketing.
This financing round was co-led by some venture capital institutions, including Shanghai J-Bang Capital (Chinese: 劲邦资本), Xiaomi-backed fund (Chinese: 小米产投), New Alliance Capital (Chinese:联新资本), BAIC Capital (Chinese:北汽产投), Beijing Xindongneng capital (Chinese:芯动能), China Universal Asset (Chinese: 汇添富), etc.
Suzhou Yuntu Semiconductor, founded in July 2020, is an automobile chip integrated circuit design company. Until now, Yuntu has completed five rounds of financing by well-known domestic institutions in a short term of two years and took the lead in realizing mass production and shipment of products worth hundreds of millions of CNY of customer orders. The auto-level MCU chip designed by Yuntu is widely used in automotive power control, body control, safety control, driving management, information processing, and other automobile-related function.
Wang Jianzhong, CEO of Yuntu Semiconductor, demonstrated that Yuntu is committed to becoming the leading enterprise for domestic car-level chips and filling the blank market in this field for local companies in China. The core team of Yuntu is a top team with more than 20 years of complete development experience in automotive-grade MCU chips, bringing technical advantage for accelerating the MCUs' mass production.