EEASYTECH Completes Series A Round Funding
2019-05-21 17:58:00
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(Tuesday, May 21, 2019, Beijing, China) EEASYTECH today announced that it has received a Series A financing from JIC Capital (China Jianyin Investment Limited), and additional investors Delta Capital, Everest Venture Capital, and Zhuhai Science & Technology Venture Capital. This round of funding will be used to expand its IP cores to develop more advanced processes, higher efficiency SoC and system-level solutions, further expand the market share of video surveillance, automotive electronics, AIoT devices, etc., and provide better solutions for service distributor and partners.
 
Founded in 2016, Eeasy Technology Co. Ltd.(EEASYTECH)is a system solution provider with machine vision algorithms and SoC design as core technologies. The founder CHEN Feng graduated from the University of Science and Technology Beijing and dedicates to the development of graphics and display processing technology. He was one of the founding engineers of Actions Semiconductor CO., Ltd (NASDAQ: ACTS) and Allwinner Technology CO., Ltd. (SZ: 300458). The founding team has led the successful mass production of SoC chips, and the average working age of IC design and algorithm research is more than 10 years. The company raised tens of millions RMB from the angel investors- led by Northern Light Venture Capital, and following investor Delta Capital in early 2018. Before that, EEASYTECH already went through the Pre-A round funding led by Intel Capital, with additional participation by previous angel investors Northern Light Venture Capital and Delta Capital.
 
According to JIC capital: " The core team of EEASYTECH represents the most senior group of SoC design experts in China, with around 20 years of fabless semiconductor industry experience, and successfully provides the market with chips in a cumulative shipment volume of over 100 million pieces. EEASYTECH has an independent R&D system, including a comprehensive capability of IC design, embedded software systems and algorithms development. The company has outstanding competitive advantages to meet the broad prospects for the application market in the future. At present, the boost of artificial intelligence has risen to be an essential part of national strategies and has become a new focus of international competition. As the AI computation is shifting from cloud computing to edge computing, the low-power and high-performance on-device AI chips will meet the requirements of future, which is important for the further development of artificial intelligence industry in China. JIC Capital will continue to prioritize on the investment in the fields of artificial intelligence, the Internet of Things, semiconductors, and information security and be aligned with EEASYTECH to further foster the innovation of artificial intelligence and launch AI technology in broader scenarios."

 
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