CIMO, a Chinese start-up developing high-performance analog chips and solutions, has raised over RMB100 million in Series A financing round led by Eight Roads China, with participation from Northern Light Venture Capital, Flyfot Ventures, Junwei Fund and Oriza Hua. Existing investors including Gaorong Capital, Jucheng Capital, Walden International also participated.
The funds raised will be used for talent recruitment, mass production of chip products and new product development.
Founded by a stellar team of technical and business leaders in semiconductor, CIMO focuses on signal chain chips and solutions including analog-digital converters which are the bridge between the physical world and the cyber world.
Dr. Feng Zhao, Partner of Eight Roads, remarked: “We believe semiconductor will continue to be a key enabler for industry digitization, especially in China. Signal chain chips and solutions including analog-digital converters play a major role in bridging the physical and cyber worlds. CIMO is well positioned to become the leading high-performance signal chain chips and solutions provider. We look forward to supporting the company as it continues to grow.”