Code Moment | Linghui Lixin Closes 100 Million Yuan Series A Round, Source Code Capital Participates

Suzhou Linghui Lixin Technology Co., Ltd. (hereinafter referred to as "Linghui Lixin") recently announced the completion of a Series A funding round worth hundreds of millions of RMB. The round was led by Topband Investment, with participation from GoodWe, Langmafeng Venture Capital, Source Code Capital, Dingxin Capital, Jiaqiao Capital, and Silk Road Golden Bridge. Existing shareholder Megmeet Capital also made additional investments. The proceeds will be used to further enhance core technologies, iterate on key products, develop new products, recruit top R&D talent, and accelerate the localization of industrial-grade high-end analog chips.

Linghui Lixin specializes in the development and design of high-performance analog and mixed-signal chips. Its founding team members all come from well-known chip design companies, with an average of more than ten years of design and development experience. They are thoroughly familiar with every stage of the process, from product definition and R&D to testing, mass production, and sales operations. The company is committed to developing mid-to-high-end mixed-signal products, primarily focusing on two directions: high-precision signal chains and integrated signal chain MCUs/SOCs. Its key performance indicators are industry-leading, with wide applications in optical communications equipment, industrial control, medical instruments, and automotive electronics.

The company adheres to a talent-centric, innovation-driven, market-oriented approach, continuously launching more competitive products with the ambition of becoming a leader in the high-performance analog and mixed-signal chip sector.

Lizhu Lu, founder of Linghui Lixin, stated: "Linghui Lixin has only been established for less than three years. While we've achieved some success, the real journey of catching up has just begun. There's still a long road ahead for analog chips to reach international advanced levels — the task is arduous and the path is long. A journey of a thousand miles begins with a single step. Linghui Lixin will remain committed to continuous investment in high-precision analog signal chains and SOCs, staying true to our original mission, and striving to catch up with international advanced technology."

Liu Sheng, executive director and general manager of InnoLight Technology, said that with the rapid growth in demand for artificial intelligence (AI) and high-performance computing (HPC), storage-focused data centers face challenges in meeting current business needs. In this fast-moving industry, high-speed optical modules are iterating even more rapidly, with increasingly stringent performance and power consumption requirements. As the core component of optical modules, chips are entering a phase of both high prosperity and high challenge. It is foreseeable that outstanding domestic chip suppliers with core technologies are poised to grow rapidly in this wave of AI. He believes Linghui Lixin will be among them. The Linghui Lixin team possesses exceptional foresight and execution down to the details. Targeting niche markets with persistent effort, they have accumulated long-term, comprehensive R&D experience and mass production practice in optical module controller chips. "We are deeply convinced that Linghui Lixin has tremendous growth potential going forward and the capability to provide high-value chip solutions for the optical module industry. Our collaboration will also help both parties achieve substantial development in the optical communications industry."

Junen Song, co-founder and vice president of Inovance, stated that Linghui Lixin's high-performance, high-ASP signal chain products can deeply meet customer needs in medical, optical communications, automotive, and industrial applications. After more than three years of accumulation, Linghui Lixin has entered a rapid growth phase, releasing one to two new product series every month, fully demonstrating the strategic vision, technical capability, and execution of Lizhu Lu and his team. High-end signal chain chips are "chokepoint" products where foreign brands hold a monopoly. Drawing on rich industry experience and innovation capabilities, Lu and his team continue to launch hit products and solutions, providing Chinese chips for high-end applications in China's industrial and automotive sectors.

Tao Wang, CFO and board secretary of Megmeet, said that Linghui Lixin's team and products demonstrate very unique scarcity in the market. The team has strong trust and rapport, with solid values — down-to-earth, serious, and focused on making great products. "I believe Linghui Lixin will become an emerging force in analog signal chains that cannot be ignored domestically and even internationally, a rare high-end chip design enterprise." Many of Linghui Lixin's products are key ecosystem products in Megmeet's strategic layout, and there will be numerous strategic synergies in the future.

Tianxi Liu, director of Strategy and Marketing at Topband, stated that Linghui Lixin's focus on precision signal chain chips represents a "long slope with thick snow" track full of endless opportunities. Precision signal chain chips span both digital and analog technology domains, with extremely high technical barriers and very broad application scope. They are a key cornerstone for the intelligentization of various products. Going forward, as AI technologies like GPT develop rapidly, demand for high-precision sensing will also experience explosive growth.

Linghui Lixin has assembled a world-class chip R&D team, consistently adhering to independent innovation. Starting from self-developed core IP, the company has successfully developed multiple internationally competitive Chinese brand products and rapidly won broad recognition from industry customers.

"We are fully confident in Linghui Lixin's growth potential and firmly believe they will continue to make breakthroughs in the precision signal chain chip field, contributing to the prosperity of the intelligentization industry. Let us look forward to Linghui Lixin's outstanding performance in the future!"

Di Wang of Source Code Capital stated that Linghui Lixin is a very rare startup in the analog chip signal chain space that they have come across, with a complete team for high-precision signal chains. The team has deep technical foundations, clear product thinking, and a solid grasp of industry trends and market rhythms. In just a few years since founding, they have already established a preliminary and comprehensive layout in product lines such as high-precision ADCs. High-end signal chains represent a quality track still in the first half of domestic breakthrough efforts, with extensive collaboration and synergy potential with Source Code Capital's industrial partners and portfolio companies across industrial technology scenarios including energy storage, automotive, optical communications, industrial control, and medical. "We look forward to future cooperation that can help Linghui move forward and support outstanding domestic teams."