Photonics technology company **Kunyao Optoelectronics** announced the completion of a nearly RMB 400 million Series B+ funding round, with participation from Source Code Capital.
Dedicated to exploring cutting-edge photonics and optoelectronics, and driving their real-world implementation and innovative applications.
Recently, Kunyou Optoelectronics completed a nearly 400 million RMB Series B+ funding round. This round was joined by strategic and financial investors including CITIC Zhengye Xinye Industrial Fund, Yunfeng Capital, Shanghai Pudong Science and Technology Group Haiwang Capital, JianXin (Beijing) Investment, Future Capital, Source Code Capital, and Yingrui Capital, a core affiliate of Country Garden; previous investors Kinzon Capital, Walden International, Shanghai Lingang Science and Technology Investment Management Co., Ltd., Yuanjing Capital, OrizaFoFs, and Aurora Capital also continued to participate.
The company stated that the proceeds will be used to further enhance its wafer-level optical capabilities, fully support key customers and partners, and upgrade its R&D-to-production closed-loop system.
Kunyou Optoelectronics' Phase I cleanroom facility at its Shanghai Lingang base — covering nearly 10,000 square meters — has been completed and put into operation. Following the close of this funding round, Phase II has formally entered substantive planning. Regarding the company's current major product lines: 1) Optical chips for 3D sensing have already reached mature mass production. This product series is shipping at scale in Huawei's flagship P and Mate series smartphones. The next step is to expand into new 3D product types (such as dToF, short-range LiDAR, etc.) and new applications (such as robot vacuums, smart locks, biometric identification, etc.); 2) The company's micro-nano optical modules for automotive LiDAR passed customer mass-production certification in the second half of this year, and will begin mass production integration in Q1 2022 on mainstream models from a top-tier international new energy vehicle brand; 3) AR augmented reality display represents a key strategic direction, with the company accelerating development and mass-production capabilities for AR diffractive waveguides. The company's "Xiaoyao" product series entered small-scale mass production starting in 2020, is steadily ramping in volume, and its performance and product categories are rapidly iterating according to established R&D plans; 4) Looking ahead, the company is further expanding its R&D footprint into new technologies and new demand areas, including automotive HUD, metasurfaces and metalenses, and optical computing.
Kunyou Optoelectronics is a high-tech enterprise focused on wafer-level optics and photonic integration, headquartered in Shanghai, China. The company is composed of top scholars from the international and domestic optoelectronics fields alongside seasoned industry veterans with years of photonics industry experience. The core R&D team and management include professors and PhDs from renowned optoelectronics institutions such as Stanford University, University of Rochester, Nanyang Technological University, University of Cambridge, Zhejiang University, and Shanghai Jiao Tong University; as well as former executives from internationally recognized enterprises including Microsoft, NASA, Oplink, GE, Philips, and Baofeng. Leveraging its deep technical expertise and high-precision manufacturing capabilities, Kunyou Optoelectronics is dedicated to exploring cutting-edge photonics and optoelectronics implementations and innovative applications through the fusion of integrated optics and integrated circuits — helping China achieve leapfrog development in next-generation photonic technologies and ushering in the era of consumer photonics.
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