Senscomm Semiconductor Co., LTD (“SENSCOMM”) announces the completion of the A+ round of financing of more than 150 million Yuan led by SL Capital, Oriza Holdings and other funds. Hubei Xiaomi Yangtze River Industrial Fund and Glory Capital continued to make additional investments. After the completion of this round financing, Senscomm will expand the deploy of product lines, recruit a world-class R&D team and accelerate the designing and launch of Wi-Fi 6 station and access-point SoC chips with leading performance to meet the strong demand for new generation Wi-Fi technology in the consumer electronics market.
Founded in July 2018, Senscomm Semiconductor is a wireless chip design company headquartered in Suzhou Industrial park, it also has R&D offices in Shanghai, Seoul and Silicon Valley. The core team has successfully developed and mass-produced dozens of Wi-Fi, Bluetooth, and cellular 4G/LTE wireless SoC chips worldwide. As new generation of information technology high-tech enterprises, the company and its R&D personnel have won the honors of 2020 Jiangsu Entrepreneurship and innovation Talent Enterprise, 2020 Gusu Leading Talent Enterprise, 2019 Suzhou Industrial Park Leading Talent Enterprise, 2019 Jinji Lake Craftsman Leading Enterprise and other honors. The team has extensive experience in Wi-Fi 6 standardization and has been following up on the technologies that will be applied to Wi-Fi 7 in the future. It is extremely capable of becoming a domestic leader in the evolution of Wi-Fi wireless technology.
Since Wi-Fi sixth-generation standard was released at the end of 2019, its new and efficient underlying modem technology can provide faster transmission rates, longer coverage and lower power consumption, and significantly enhance Wi-Fi network capacity, chip solutions using Wi-Fi 6 technology will gradually replace the previous generation of Wi-Fi 4/5. At present, Senscomm has completed the design of the first Wi-Fi 6 chip, and it is expected to achieve mass production in 2021. The product is station-oriented and suitable for application scenarios that require high throughput, such as smart phones, laptops, high-definition TVs and set-top boxes.
At the same time, it is rapidly expanding its team and investing in the development of high-performance Wi-Fi 6 access-point chips, as well as highly integrated and low-power AIoT chips for Internet of Things.
SL Capital founded in 2018, it was jointly initiated and established by South Korean SK Group and Legend Capital. The fund focuses on semiconductor and its upstream and downstream early and growth stage corporate investment. The core team comes from senior investors in the field and former senior managers of semiconductor giant SK Hynix. SL capital manages a dual-currency fund with a total amount of over 2.5 billion RMB. It is headquartered in Beijing and has offices in Shanghai and Wuxi.
Oriza Holdings（http://www.oriza.com.cn/）It is an investment holding company that manages a fund of nearly 100 billion yuan. Its business covers three major sectors: equity investment, debt financing, and investment and financing services. Since its establishment in 2001, Oriza Holdings has focused on integrated circuits, biomedicine, artificial intelligence, and nanotechnology. Cloud computing, big data and other emerging industry investment opportunities.
Hubei Xiaomi Yangtze River Industry Fund (www.mi.com) It is established in December 2017, it was jointly initiated and established by Xiaomi Group and Hubei Yangtze River Economic Belt Industry Guidance Fund. The fund is an industrial investment platform established by Xiaomi Group to achieve the strategic goal from creating “new domestic products” to promoting “new manufacturing”, aiming to systematically deploy China’s advanced manufacturing industry in the next 10 years. The scope of investment covers the supply chain of mobile phones and smart hardware, the core components of electronic products, new materials and new processes, etc., while taking into account related fields such as smart manufacturing and industrial automation.
Glory Capital（www.glory-ventures.com）It is a leading new-generation information technology industry fund. The fund focuses on mid and early-stage investments in the Internet of Things, big data, cloud computing and artificial intelligence. Currently, it has invested in more than 50 outstanding funds through the third-phase RMB fund and the second-phase USD fund under its management. Start-up business. Glory Capital’s investors include nearly 20 industry-leading consumer electronics, automotive, storage and other leading companies, a number of well-known funds of funds and many first-line investment institutions.