We at EqualOcean tracked the major funding rounds and industry events in China's technology space in February 2023. And the following is a list of deals we have selected for you based on several criteria, including the funding amount, financial backers, and the segments in which the companies operate.
Gainway
Gainway (Chinese: 敢为科技) announced that it had raised CNY tens of millions in series A funding round announced the completion of Series A round financing amounting to tens of millions of CNY. The investors include Shenergy(Chinese：上海申能), Jinguan(Chinese：上海锦冠投资), Yongchangsheng(Chinese：山西永昌盛), Dayineng(Chinese：武汉达益能)，Shenyuanchuan(Chinese：泉州申远川). Proceeds raised in this round will primarily be used to expand the company's automated production line, continue research and development of key optical devices, and expand the company's market in the fields of digital energy security monitoring and carbon emission detection.
Audfly
Audfly (Chinese: 苏州清听声学科技), a leading innovative acoustic technology company in China, announced that it had raised nearly CNY100 million in a Series B financing round. The investment was led by SND Group(Chinese：苏高新集团) and Bohai Securities(Chinese：渤海创富), followed by the existing shareholders from the previous round. Proceeds from this round will mainly be used to build Focusound Screen® production lines, various laboratories and other facilities, develop product categories in the consumer and intelligent cockpit fields, and accelerate the release of consumer end products under its own brand.
Magic Engine
Magic Engine( (Chinese:魔数智擎), a new-generation AI technology and service provider, announced its completion of Series A round financing of CNY 10 million. The Series A funding was exclusively invested by Ideal Capital(Chinese：理想资本), with Huaxing Securities(Chinese：华兴证券) as the exclusive financial advisor. The funds raised in this round will primarily be used to expand the pre-sales and delivery teams to better serve customers nationwide.
Lingxin Intelligence
Lingxin Intelligent Technology (Chinese: 北京聆心智能科技有限公司), a company committed to creating a "super-anthropomorphic large-scale model," announced the completion of the pre-A round of financing. This round of financing was led by SEE Fund（Chinese: 无限基金）, and the old shareholders followed suit. The funds raised will be used for the company's talent acquisition, various R&D activities and market expansion.
Em-Data Technology
In January, Em-Data Technology (Chinese: 眼控科技) announced its completion of strategic financing amounting to hundreds of millions of CNY, co-invested by Hua Ventures (Chinese: 恒信华业), XuGong Capital (Chinese: 徐工投资), Nanjing Zhongyiren Investment Limited Company (Chinese: 南京中益仁投资)and more. The funds raised will be used for the company's talent acquisition in product R&D activities, market expansion and talent recruitment.
Adaps Photonics
Adaps Photonics (Chinese: 灵明光子) announced the completion of a Series C+ financing round amounting to hundreds of millions of CNY, led by CoStone Capital (Chinese: 基石资本), Valley Rain Harvest Capital (Chinese: 谷雨嘉禾资本) and more. The funds raised in this round will be mainly used to solidify its technological advantages in the dToF field and explore more product commercialization possibilities.
I-KINGTEC
Recently, I-KINGTEC (Chinese: 云圣智能), a Developer of intelligent industrial drone and UAV systems, announced its completion of Series C+ round financing, led by China Internet Investment Fund (Chinese: 中国互联网投资基金). The funds raised will be used to boost the company's production.
Wicue
Wicue(Chinese: 唯酷光电), a company of liquid crystal film technology that provides natural darkening and heat control to glass surfaces, recently announced the completion of nearly CNY 200 million in Series C+ financing. This round of financing was led by Joy Capital (Chinese: 愉悦资本).
Seeking Intelligent Control
Focusing on the development and production of intelligent quality detection systems designed for industrial automation, Seeking Intelligent Control (Chinese: 心鉴智控) announced the completion of a Series A+ financing round amounting to CNY tens of millions. This round of financing was led by RuiHe Capital (Chinese: 睿和投资). This financing round will be mainly used for the company's R&D activities and scale application.
TOSUN
Tosun (Chinese: 同星智能), a company dedicated to remote controllers and inspection equipment for the autonomous vehicle and smart home industries, announced that it completed a Series A financing round worth CNY tens of millions. This round of financing was led by HARVEST CAPITAL (Chinese: 丰年资本). It is reported that this financing round will be used to accelerate product development and marketing.
CipherGateway
Chongqing Science and Technology Achievement Transformation Fund (Chinese: 重庆科技成果转化基金) has led a series A+ financing round of hundreds of millions of CNY for the cyber security company CipherGateway (Chinese: 炼石网络). After this financing round, Ruilong Technology will continue to make efforts in many aspects, such as technological R&D to maintain the advantages, marketing and after-sales service.
Digits Value
In February, Digits Value (Chinese: 数禺科技), a company specializing in data visualization and intelligent analysis services, announced the company's Series Pre-A financing worth CNY tens of millions, led by Bluerun Ventures (Chinese: 蓝驰创投). It is reported that this round of financing will be used to accelerate R&D activities and expand the business scale.
Maplesemi
Maplesemi (Chinese: 美浦森), a company producing power device products designed for consumer electronics, industry and new energy, announced the completion of a Series A+ financing round worth tens of millions of CNY. This round of financing was invested by Z&Y Capital (Chinese: 卓源资本). This round of financing will be mainly used for product development and upgrading.
AI universe
AI universe (Chinese: 工源三仟), a company specializing in high-precision industrial X-Ray online inspection technology, announced the completion of tens of millions of CNY in its pre-A round financing, co-invested by Huagong Tech (Chinese: 华工科技) and Atom Venture Capital (Chinese: 原子创投). The investment will continue to increase the company's investment in R&D activities to accelerate the development process of new products.
Jimeng Intelligent Technology
Jimeng Intelligent Technology (Chinese: 积梦智能), a provider of industrial big data platforms, completed a Series A+ financing round worth CNY tens of million, led by Chengtan Network (Chinese: 澄潭网络) and GAME.O (Chinese: 盛大网络) and followed by Grand View Capital (Chinese: 大观资本) This round of financing will be mainly used for market expansion and product development.