Senscomm Semiconductor Co., LTD (“SENSCOMM”) announced the completion of Series A financing led by Hubei Xiaomi Yangtze River Industrial Fund. Investors also include the well-known Glory Capital in the industry. At present, Senscomm Semiconductor will use this funds to expand its world-class engineering team to further invest in research and development and mass production of cutting-edge SoC products based on Wi-Fi 6 technology, and to apply and sell them to consumers, enterprises and the Internet of Things market.
Founded in July 2018, Senscomm Semiconductor is a fabless semiconductor design company headquartered in Suzhou Industrial Park. Its world-class founding team comes from Silicon Valley and South Korea which has a deep accumulation in the semiconductor industry. The core team has successfully been developed and mass produced more than 20 projects about Wi-Fi / Bluetooth / cellular 4G wireless SoC chipsets worldwide. In addition, the team has extensive experience in Wi-Fi 6 standardization and is expected to be a leader in the evolution of current and future wireless technologies, including Wi-Fi 6.
SENSCOMM has one of the strongest R&D engineering team in China including several Ph.Ds from world-class universities with each leader having over 20 years of commercial chipsets experiences including working for world’s top wireless semiconductor companies such as Qualcomm, Samsung, SK Telecom, GCT Semiconductor, etc. The team is currently designing the most advanced Wi-Fi 6 chipsets and will quickly ramp up to production to meet the strong growth of the Wi-Fi 6 market worldwide.
Wi-Fi 6 is one of the latest and most efficient Wireless technology providing faster speeds, longer range, lower power consumption and increased densification of enterprise networks via introducing new technologies such as OFDMA, MU-MIMO, 1024 QAM and Target-Wake-up Time (TWT). The new technologies introduced via the latest Wi-Fi 6 technology will support the increasing demand of current and future applications such as 4K/8K video, augmented/virtual reality (AR/VR), smartphones and laptops, as well as consumer and enterprise IoT applications and autonomous driving.
Senscomm is backed by world-class investors such as Hubei Xiaomi Yangtze River Industrial Fund and Glory Ventures.
Hubei Xiaomi Yangtze River Industry Fund (www.mi.com ) was established in December 2017 and was jointly initiated by Xiaomi Group and Hubei Yangtze River Economic Belt Industry Guidance Fund. The fund is an industrial investment platform established by the Xiaomi Group to achieve the strategic goal of “new domestic products” to promote “new manufacturing”, aims to systematically deploy China’s advanced manufacturing within the next 10 years. It is mainly invested in high-quality manufacturing enterprises in China, focusing on tapping investment targets with great development potential in sub-sectors. The investment scope covers the mobile phone and smart hardware supply chain, core products of electronic products, new materials and new processes, and also takes into account smart manufacturing, Related fields such as automation.
Glory Capital (www.glory-ventures.com ) was established in August 2015. It is a leading domestic China-Israel cross-border investment institution. It mainly invests in outstanding early-stage startups in the Internet of things and artificial intelligence in China and Israel. Research and precision sniping, while having an extensive and deep industrial cooperation ecosystem. Glory Capital currently has more than 40 companies in the field of artificial intelligence, Internet of things, and big data in China and Israel, involving IoT chips, sensors, big data, IoT platforms, financial technology and artificial intelligence. Most projects have grown into detailed Leading companies by sector. Glory Capital currently manages three RMB funds and two USD funds. The company and fund shareholders include many first-tier institutional investors and parent funds, and more than ten A-share listed companies.
