On December 1, Beijing ESWIN Computing Technology Co., Ltd. (hereinafter referred to as “ESWIN Computing”), an AIoT IC and solutions provider, announced the completion of the RMB2.5 billion Series C financing round. This round of financing was jointly led by Goldstone Investment and China Internet Investment Fund, followed by Shangqi Investment, Guokai Technology Venture Investment, China Vision, etc. Shareholders including IDG, Legend Capital, Liu Yiqian, etc. also participated. LIGHTHOUSE Capital served as the exclusive financial advisor. After the completion of this financing, ESWIN Computing will further increase R&D investment and expand the team.

In recent years, the AIoT equipment and IC industry has experienced sustained high growth. According to the third-party data, the global AIoT market size will grow from $226 billion in 2019 to $1.3 trillion in 2026, of which chips account for about 10%, with a compound annual growth rate of nearly 30%. The rapid iteration and functional integration on the application side will bring a broad market to IC companies.

In order to cope with various application scenarios in the AIoT era, ESWIN Computing, an IC and solutions provider supported by the three core technologies of computing, connectivity and display and interaction, focuses on mobile terminals, smart home, smart transportation, industrial IoT and other application scenarios, providing customers with categories including multimedia system, smart computing, smart connectivity, display and interaction, automotive system and power management.

As an emerging IC company, ESWIN Computing adheres to innovation leadership, continues to improve its technical capabilities, continues to enrich its products, and develop its business rapidly. Relying on ESWIN Group’s layout in the IC industry chain, ESWIN Computing has closely collaborated with wafer fabrication, packaging and testing, and board manufacturers to innovate and quickly launch new products and introduce to customers. It has grown into a highly competitive startup in the IC industry.

The investor of Goldstone Investment said, “With the evolution from “Internet of Everything” to “Intelligent Connection of Everything”, people need more efficient computing power for faster response to more complex scenarios”. ESWIN Computing is a leading IC and solutions provider in China, with underlying technologies and IC design capabilities. With the enrichment of capital strength, it is expected to further build an integrated AIoT IC and solutions service ecosystem and become an important promoter of the industry’s development.”

“AIoT is the foundation for smart interconnection and digital transformation of everything, and it is also one of the directions that China Internet Investment Fund focuses on. ESWIN Computing provides a full range of IC and solutions designed for the AIoT scenarios, and has developed rapidly since its inception a couple of years ago. It is expected that the company will have broader prospects in the AIoT field”, said co-investor China Internet Investment Fund.

(Source: ijiwei.com)