Yunqi Capital | Renxin Technology Raises Over 100 Million RMB in Extended Series A, Accelerating Mass Production and Delivery of Automotive SerDes Chips
From "chip design" to "delivery," Yunqi Capital portfolio company **Renxin Technology** is hitting new speeds with the high performance and reliability of its SerDes chips.
From chip design to mass delivery, Yunqi Capital portfolio company Renxin Technology is accelerating with high-performance, high-reliability SerDes chips.
On October 20, Renxin Technology announced a new Series A+ funding round exceeding RMB 100 million, which will further strengthen the scaled mass production and commercial deployment of its automotive products, delivering more competitive solutions for the intelligent vehicle industry. Read on for details with this edition's Yunqi Capital feature.
Excerpted from "Renxin Technology"
To date, Renxin Technology has raised nearly RMB 300 million in total this year. This round was led by existing shareholder Desay SV's continued investment, with participation from multiple institutional investors including G-P Investment.
The successful completion of this round fully reflects the capital market's strong recognition of Renxin Technology's product capabilities and market potential. It will also inject powerful momentum into the scaled mass production and stable delivery of the company's automotive SerDes chips, further solidifying its leading position in the domestic automotive SerDes sector.
Dang Weiguang, Founder and CEO of Renxin Technology, said: "We are grateful for our investors' trust and support. This funding will inject stronger momentum into the company's continued growth and provide solid assurance for the scaled mass production and reliable delivery of SerDes chips. Going forward, Renxin Technology will remain committed to its development philosophy of 'product-centric, innovation-driven,' continuously increasing R&D investment, improving supply chain and quality management systems, and comprehensively enhancing product competitiveness and customer service levels. We will help the intelligent vehicle industry achieve high-quality development amid the wave of digital transformation, riding the tide and breaking new ground."
