Chinese CMOS image sensor startup raises funds
Hefei Haitu Microelectronics Co. Ltd., a startup founded in 2018, has completed a Pre-B round of equity financing worth “several hundred million yuan,” the company has said.
As 100 million yuan equals about US$13.75 million this puts the funding round at a value of about US$50 million or more.
The money will be used for the mass production of CMOS image sensors and to increase investment in the R&D of CIS products in the fields of machine vision, automotive electronics, and medical treatment based on novel technology. Haitu reports it launched its first CMOS image sensor in 2020 and has ten products in production in 2023.
The latest round of funding came from Anhui Railway Fund, Hefei Construction Investment Capital, Hefei Industry Investment Capital, Anhui Province Joint investment by Culture and Digital Creative Fund, Guoyuan Fund, and Binhu Technology Venture Capital.
At the end of 2022, Haitu Microelectronics completed the Series A-plus round of financing of tens of millions of yuan, jointly invested by Jintong Capital, Yida Capital, and Xingtai Capital.
Haitu Microelectronics has set up R&D centers in Shanghai, Shenzhen, and Tokyo, Japan with Hefei as its headquarters.
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