On June 21, 2021, Xinlai Technology announced the completion of a new round of financing. This round of financing is the third consecutive capital support Xinlai Technology has received within one year. The cumulative capital injection of hundreds of millions of yuan will promote the rapid growth of Xinlai Technology on the RISC-V track. This round of financing was funded byLegend CapitalLead investment,CETC Core Technology Research Investment Fund, Fiberhome Industrial Investment FundFollow the investment, old shareholdersLanchi Venture Capital, Zhongguancun Xinchuang Integrated Circuit Fund, Skyline Capital, Linxin InvestmentContinue chasing.

Xinlai TechnologyFounded in 2018, it is one of the first domestic companies to build a technology ecosystem based on the RISC-V open instruction set architecture and is the first to realize industrial application, leading the development of local RISC-V. Starting from scratch, based on independent and controllable RISC-V architecture CPU core R&D technology, it has exported a full range of processor core IP products, leading domestically and first-class internationally. Innovatively uses modular design concepts to output customizable RISC-V software and hardware integrated solutions to quickly and efficiently meet various differentiated application needs. Maintain the rapid growth of business and revenue, form a virtuous cycle, and successively gain heavyweight corporate and industry customers. Before this round of financing, Xinlai Technology had obtainedAmlogic, VeriSilicon, TusStar Ventures, Lanchi Ventures, New Micro Capital, Xiaomi Yangtze River Industry Fund, Tianji Capital, Zhongguancun Xinchuang Integrated Circuit Fund, Linxin Investment, Qirong Venture CapitalInvestments from well-known investment institutions and industrial parties.

Entering 2021, Xinlai Technology continues to accelerate the application of RISC-V processor IP. The product has matured and stably entered the mass production design of many customers. Through in-depth cooperation with users, it will gradually introduce more application scenarios and emerging fields. The self-owned software support system continues to iterate, providing users with a more complete tool chain, SDK and operating system support. To continuously improve the user service experience, the full-stack SoC IP platform based on the RISC-V processor core has become more and more complete, broadening the business scope through subsystem service methods, greatly shortening the user's SoC project design cycle based on the RISC-V processor core, and reducing design costs.

The funds raised in this round will be mainly used to attract more cutting-edge R&D talents to join, accelerate Xinlai Technology’s technical layout of higher-performance RISC-V processor IP, and the continuous research and development of the AIoT design platform, and launch the next phase of research and technological innovation based on the RISC-V ecosystem.

​ ​Leading investment institutions in this roundLegend CapitalHe has nearly 20 years of practical investment experience in the fields of semiconductors and integrated circuits, and has continuously invested in dozens of high-quality companies in the fields of new materials, semiconductors and intelligent equipment. At present, Legend Capital has become a comprehensive investment institution spanning intelligent manufacturing, new energy, semiconductors, logistics supply chain, Internet, consumption, enterprise information software and services, medical health and other investment fields. In the fields of integrated circuits and semiconductors, it has helped well-known companies such as Spreadtrum Communications, Parade Technology, Fulhan Micro, and Apex successfully go public through investment.  CETC Core Technology Research Investment Fund, Fiberhome Industrial Investment FundThey are all investors with rich industrial ecological background and will assist Xinlai Technology in creating a new direction for industrial innovation and development.

 

Xinlai Technology

Founder and CEO Hu Zhenbo said:

"In the three years since its establishment, Xinlai Technology has achieved all-round breakthroughs in team building, RISC-V architecture technology implementation, business model innovation, and open ecosystem construction. It has not only completed the release of established commercial products, but also clarified the technical path for future development. As an innovation-driven start-up with independent and controllable core technologies, it will continue to develop appropriate solutions from underlying IP to upper-level application solutions. "

 

Legend Capital

Managing Director Fan Qihui said:

"Legend Capital has invested in semiconductors and integrated circuits since its establishment, and later established it as its main investment direction. my country's integrated circuit industry has limited investment in underlying technology, especially in the core technology chain and key supply chain. There are still many breakpoints. Ignoring the underlying technology, especially the key core links represented by processor IP, may restrict the development of the industry. , therefore we have always paid close attention to the key IP of chip design and the field of RISC-V open architecture. Xinlai Technology has gathered top talents on the domestic RISC-V track. We are very optimistic that the team will closely integrate the evolution of open architecture IP products with the needs of industrial change, and bring transformative innovative services and domestic core application capabilities to the industry. "

 

CETC Core Technology Research Investment Fund

General Manager An Peng said:

"As China Electronics Technology Group Co., Ltd.'s first fund for R&D investment in key core technologies, we have been promoting the use of internal and external resources to increase the layout of independent innovation of key core technologies. The domestic core processor IP and solutions focused by Xinlai Technology are an important option for laying out the development of key core technologies of the group company and forming a good technology ecosystem. We will continue to help the group company's strategic, medium- and long-term, independent innovation and other key projects to interact with Xinlai Technology's business development, create independent and controllable new momentum for industrial development, and fulfill the mission of strengthening the country through science and technology."

 

FiberHome Industrial Investment Fund

Mr. Dong Qianghua, the designated representative of the executive partner, said:

 

"With the application upgrade of the electronics industry and the development of China's integrated circuit industry, the domestic market is in urgent need of local IP suppliers like Xinlai Technology that master core independent intellectual property rights. Xinlai Technology has established an excellent team with rich technology and market competitiveness, and is committed to building a full range of CPU software and hardware systems based on the RISC-V architecture, and through modular and fast design process standards that adapt to industry needs. The domestic integrated circuit industry and electronic information industry will provide independently controllable basic components and core modules, and FiberHome's industrial layout in information and communications and other fields will also benefit from this. With the help of investment and the traction of industrial resources, we expect Xinlai Technology to grow into a first-tier international IP company, respond to China's rapidly growing chip and application needs, and serve as an important force to promote the development of China's integrated circuit industry."

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