Chip Designer Smartsens Raises Nearly $225 Million From National Chip Fund, Xiaomi

Caixin Global | Oct 26, 2020 at 4:34 PM
  • SmartSens Technology Co., Ltd, which specialises in the design of CMOS image sensing (CIS) chips for smart clarity and smart pixel, has raised approximately 1.5 billion yuan ($225 million) in a funding round co-led by a clutch of marquee investors, as per a company statement on Friday.
  • China Integrated Circuit Industry Investment Fund (ICF) — a state-owned semiconductor-oriented fund co-launched by China Development Bank Capital, China Tobacco, and others in 2014 — Xiaomi Changing Industrial Fund, China Merchants Bank’s CMB International, and a telecom-focused fund, jointly led the current fundraising.
  • The other new investors who participated in the round are Sequoia Capital China, China Internet Investment Fund, semiconductor and communication service provider Wingtech Technology; smart devices, and mobile services designer Transsion Holdings; China Fortune-Tech Capital; and Haitong Kaiyuan.