Baidu Venture (BV)-backed optical chips startup Lightelligence on Monday announced the completion of ‘tens of millions of US dollars’ in a Series A+ round of financing from semiconductor-focused CTC Capital, the company announced on WeChat.
The latest round comes after it secured $26 million in its Series A round funding from BV, Matrix Partners China, CICC Silicon Valley Fund, China Merchants Venture, Vertex Ventures, Casstar and Frees Fund in April 2020. In 2018, BV and ZhenFund had together injected $10.70 million in its seed funding round.
Co-founded by Yichen Shen in 2018, Lightelligence, an AI-oriented photonics solutions developer, provides chip products for a slew of fields including automobile and household appliances. The company is based in Boston and Shanghai.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out 15 prominent venture capital transactions in the Greater China region from July 2-6, 2020.