SmartSens Raises 10s of Millions Dollar in a New Financing Round

SmartSens reports that it has closed a new investment round of "tens of millions of dollars". The lead investor is the National Core Industry Investment Fund (Big Fund), the Beijing Core Dynamic Energy Investment Fund, and venture capital institutions such as Lenovo Venture Capital Group.

Li Sheng, COO of SmartSens, said: “SmartSens has successfully completed a new round of financing, which reflects the recognition of the capital market. This recognition is not only derived from the achievements of SmartSens in the past, but also from the deep technical accumulation of SmartSens and becoming a global Leading high-performance image sensor supplier's grand vision."

SmartSens and IBM have reached an IP cooperation agreement in July 2018 - SmartSens will receive a total of 14 categories of more than 40 CMOS image sensor related patents. The patents involved are mainly basic technology patents, covering pixel design, semiconductor processing and manufacturing, and chip packaging.

"CIS is a key area for the future development of the semiconductor industry. Under the background of the government's support for local chip companies, the development prospects of SmartSens are undoubtedly worth looking forward to," Core Dynamics Investment Director Manager Wang Jiaheng said. "Core kinetic energy investment will.. continue to help SmartSens's technological innovation and market operation level, and make SmartSens a unicorn enterprise in China's semiconductor industry."

Wang Guangxi, Managing Director of Lenovo Ventures, said: "In the era of smart Internet, with the rise of 5G, Internet of Things, artificial intelligence and edge computing, the importance of image recognition has become more prominent. CIS chips are key components in the field of image recognition. Machine vision, intelligent transportation, autonomous driving, AR/VR and other fields are widely used, and it is a model application of technology innovation and industry integration. We are very optimistic about the development prospects of SmartSens, and are willing to help SmartSens through Lenovo's deep scientific resources and industrial advantages. Become a force that cannot be ignored in the CIS market."