Airtouch Technology completes Series D financing

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Time of issue:2024-09-04 18:00
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(Summary description)The completion of this funding round will accelerate Airtouch Technology's radar chip research and development and market promotion, supporting the company's technological innovation and market expansion.

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Airtouch Technology completes Series D financing

Categories:Company News
Author:
Origin:
Time of issue:2024-09-04 18:00
Views:

Information

Series D financing

Recently, Airtouch Technology announced the completion of a new round of D-round financing. This round of financing is led by Fuzhe Fund and followed by Ningbo Tongshang Fund, indicating that the company's continued growth and technological innovation in the field of intelligent sensor chips will receive stronger support.

Dr. Lin Shuiyang, Chairman of Airtouch Technology, stated: “This round of financing will mainly be used to further promote our existing radar chips in the market, increasing market share while accelerating the development of next-generation millimeter-wave radar chips. In addition, the funding will support the expansion of our product lines, allowing us to maintain competitiveness and innovation in the market.”

The head of Fuzhe Fund commented: "Airtouch Technology has remarkable technical advantages in the field of smart sensor chips, with a promising market outlook. Leveraging its expertise in wireless RF and microwave millimeter-wave technologies, the company has become a benchmark in the industry. This investment in Airtouch Technology will contribute to the development of the integrated circuit industry in Zhejiang Province and support the construction of the Zhejiang Common Prosperity Demonstration Zone. We look forward to seeing Airtouch Technology continue to lead the industry and make greater contributions to the smart IoT and smart city sectors."

The head of Ningbo Tongshang Fund added: "Airtouch Technology is a leading domestic supplier of millimeter-wave radar chips, offering high cost-effectiveness and ultra-low power consumption products. With a complete product portfolio ranging from 5.8GHz to 77GHz, the company demonstrates strong competitiveness and broad application potential in areas such as smart lighting, smart home, security, and automotive sectors."

About Airtouch Technology

Founded in 2017, Airtouch Technology is a leading global expert in intelligent sensor chips. The company focuses on the research and development of high-performance wireless RF technology, microwave and millimeter wave technology, radar sensor technology, low-power MCU technology, and SoC technology, providing cost-effective one-stop turn key solutions such as chips, modules, software algorithms, etc.

Airtouch Technology has achieved full frequency coverage of 5.8GHz, 10GHz, 24GHz, 60GHz, and 77GHz microwave and millimeter wave radar sensing chips, as well as the "Bluetooth BLE Radar Integrated SoC Chip" solution, which has been widely used in fields such as Intelligent Internet of Things (AIoT), smart lighting, smart home appliances, smart home, smart city management, and automotive ADAS.

·Full frequency radar sensor chip·

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Research and Development Capability and Quality Management

The company has a team composed of senior technical experts and operational managers, with excellent research and development capabilities in key technologies such as RF/analog ICs, low-power SoCs, and algorithm software. In addition, the company has experience in mass producing up to hundreds of millions of RF SoC chips, with strict supply chain management and quality control throughout the entire product development cycle, ensuring the provision of high-quality products to customers.

Looking ahead to the future

In the future, Airtouch Technology will continue to focus on the local market and face the global market, committed to endowing intelligent devices with the ability of sensing and touching in the air, promoting the entry of "Airtouch Intelligence" products into millions of households, and providing better intelligent sensing solutions for global customers.

About Fuzhe Fund

Zhejiang Fuzhe Private Equity Fund Management Co., Ltd. was established in August 2017 as a wholly-owned subsidiary of Zhejiang State owned Capital Operation Co., Ltd., with a registered capital of 2 billion yuan. The company has initiated the establishment of Zhejiang State owned Enterprise Reform and Development Fund, Gongfu Fund, Zhejiang State owned Assets Innovation and Development ETF Fund, Liangshan Fund, etc. It holds large funds such as National Integrated Circuit Fund Phase II, Guotong Fund, and Zhejiang Merchants Industry Fund. Currently, the company has a total managed capital of approximately 35 billion yuan. Around the major strategies of the provincial party committee and government, the company focuses on strategic and forward-looking industrial investment layouts such as digital economy, new materials, life medicine, and high-end equipment manufacturing.

About Ningbo Tongshang Fund

Ningbo Tongshang Fund Management Co., Ltd. is a wholly-owned subsidiary of Ningbo Tongshang Holding Group Co., Ltd. As a state-owned capital investment and operation platform in Ningbo, Ningbo Tongshang Holdings Group mainly focuses on the strategic deployment of the municipal party committee and government, coordinates Ningbo's state-owned asset resources, and guides more capital resources to be allocated to strategic, functional, and pillar projects through market-oriented and capitalized means. As the main carrier and lever for the capital operation and project investment of Tongshang Holdings Group, Tongshang Fund focuses on and prospectively invests in strategic emerging and future industries, and deeply promotes strong chain, supplementary chain, and extended chain investments in the key industrial chain direction of Ningbo City.

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