Lightstandard

LightStandard (光本位科技) is an optical computing startup working on in-memory computing — combining storage and compute in a single unit using silicon photonics plus phase-change materials, an approach that, per FreeS Capital's own account of its 2022 bet, yields smaller cells and lower power consumption . The company was founded by Xiong Yinjiang, who serves as founder and chairman and appeared on a Yunqi Capital portfolio panel at WAIC 2026 . Its funding cadence has been brisk: after an angel round backed by FreeS and a follow-on in the near-100M RMB angel+ round in mid-2024 , it closed a Jinqiu Fund-led round in December 2024 with existing shareholders oversubscribing, then a Dunhong Capital-led round just six months later in June 2025 with several state-backed funds participating . Per FreeS, it also completed a Pre-A round that wrapped two financings within half a year .