Event
MemSilicon completes over RMB 400 million Series A financing
1 reports · 1 sources
MemSilicon announced on October 19 that it has completed over RMB 400 million in Series A financing, led by Boyuan Capital, with participation from Robert Bosch Venture Capital, Chuangling Capital, miHoYo, Zhongguancun Science City Company, GigaDevice, and others, while existing shareholders FuRong Investment, CDB Science and Technology Innovation, Hengyu Capital, Jinqiu Fund, Shunxi Fund, Xiaomi Strategic Investment, and CAS Star continued to increase their investment. The company said this round of financing will mainly be used for the industrialization and commercialization of RRAM, as well as the research and development of its new product LPU.
Report timeline
- MemSilicon closes over 400 million yuan Series A to fund RRAM industrialization and LPU development
MemSilicon announced on October 19 that it has closed a Series A round of over 400 million yuan, led by Boyuan Capital, with participation from Robert Bosch Venture Capital, Chuangling Capital, miHoYo, Zhongguancun Science City Company, GigaDevice and others, while existing shareholders Fusong Investment, CDB Science and Technology Innovation, Hengyu Capital, Jinqiu Fund, Shunxi Fund, Xiaomi Strategic Investment and CAS Star continued to increase their investment. The funding will be mainly used for the industrialization and commercialization of RRAM, as well as the development of the new LPU product.
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