China Digest: Drone maker i-KINGTECH, Silicon Integrated secure Series B funding

China Digest: Drone maker i-KINGTECH, Silicon Integrated secure Series B funding

An Industrial-grade drone developed by Beijing-based startup i-KINGTECH

Chinese industrial-grade drone developer i-KINGTECH and integrated circuits (IC) maker Silicon Integrated have raised $25 million each in their respective Series B funding rounds.

Industrial grade drone developer i-KINGTECH raises $25m Series B round

Beijing-based industrial-grade drone developer i-KINGTECH has raised 180 million yuan ($25 million) in a Series B round of financing led by Zhongyi Mingyuan Venture Capital Management, a venture capital firm located in eastern China’s Suzhou city, it announced in a WeChat post.

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