Xinlai technology completes round B financing, Junlian capital leads investment

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On June 21, the local risc-v processor IP and solution enterprise, core technology, announced the completion of round B financing. This round of financing is led by Junlian capital, followed by core technology research and investment fund of CETC and Fiberhome industrial investment fund, and pursued by old shareholders Linxin investment, LanChi venture capital, Zhongguancun Xinchuang integrated circuit fund and Tianji capital.
Within one year, xinlai technology has completed three times of financing, accumulating several hundred million yuan of capital injection. The funds raised in this round will be mainly used to attract more cutting-edge R & D talents to join in, accelerate the technology layout of core technology in higher performance risc-v processor IP, as well as the continuous R & D of aiot design platform, and start the next stage of research and technological innovation based on risc-v ecology.