Chip Firm Tianyihexin Bags Several Hundred Million Yuan in C-Round Financing
On Monday, Nanjing Tianyihexin Electronics Co., Ltd. announced that it had recently completed a C round of financing worth several hundred million yuan. This round was led by CDH Fund and followed by CITIC, SL Capital, Nanjing Gaoke and Everest Venture Capital. Its previous shareholders Xiaomi Changjiang Industrial Investment Fund and Juntong Capital continued to increase their investment, and Winsoul Capital acted as the exclusive financial consultant.
Founded in 2014, Tianyihexin is an integrated circuit developer specializing in analog technology. Its core team members come from ADI, National Semiconductor, Huawei HiSilicon and other top chip design companies in China and abroad, with more than 20 years of experience on average.
The company has mastered the leading analog-to-digital and digital-to-analog conversion (AD/DA) technology, optical system design and optical packaging test knowhow. It provides a rich product portfolio of optical and capacitive sensing chips, which are widely used in products including smart bracelets, TWS earbuds and smartphones.
The official website of Tianyihexin shows that since its establishment, the company has obtained six invention patents, seven utility model patents, 14 integrated circuit design patents and three design patents, in addition to many ongoing applications.
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According to EqualOcean, an investment research and information services provider, since the establishment of the company, Tianyihexin has completed seven rounds of financing, among which the latest one was the strategic financing of tens of millions of yuan invested by Xiaomi in January 2021.
The company pointed out that this round of financing funds will be used to expand product lines and continuously develop big customers. It plans to invest in products related to high-end gaming mouse sensors, power management and health care.