Recently, visionICs announced the completion of hundreds of million RMB of strategic financing, led by the world biggest lithium-ion battery development and manufacturing company CATL, followed by CATL, BYD and GoerTek. The registered capital increased from RMB 1.8025 million to 1.9079 million yuan, an increase of 5.79%.
Background visionICs Microelectronics Technology Co., Ltd. founded in 2018, is a unicorn enterprise cultivated in Nanjing. Originated from Silicon Valley, visionICs takes a leading position in the implementation of single-photon direct ToF (SPAD ToF) technology and application.
visionICs leads in the research of single-photon dToF three-dimensional imaging technology. At present, visionICs has completed the independent research and development of dozens of chips, six of which can be directly used by manufacturers. visionICs’ d-ToF distance sensors have shipped over one million and are widely used in floor sweepers, drones, mobile phones, AR/VR, smart homes, autonomous driving lidar and other fields. Perhaps it is because of the prospects of the metaverse such as drones and AR/VR in the near future, thus CATL, BYD and GoerTek will hope to become a significant shareholders of visionICs.
In fact, visionICs has completed three rounds of financing before this. Investors include A-share companies such as ECOVACS and Roborock and Sequoia China, SDIC Venture Capital Management, HUAWEI’s semiconductor industry investment platform Hubble Investment, Qianhai Zhonghui Fund, Shanghai Science and Technology Fund, Fengrui Capital and other well-known investment institutions.
With the mass production of various chips in 2020 and 2021 and the large-scale implementation in the field of robots and mobile phones, visionICs has become the first company in China to mass-produce and commercialize SPAD d-ToF. Along with multiple companies being optimistic about them, visionICs certainly have a promising future.