Industrial AI Firm DeepSight Secures Round-A Financing

Shanghai DeepSight Information Technology Co., Ltd. (DeepSight), a provider of circuit defect detection products, announced on Wednesday that it had recently completed an A round of financing totaling $10 million. The round was led by CCV and SND Financial Holdings, along with co-investment from existing shareholder Shunwei Capital.

The firm has previously obtained a pre-A round of financing led by Shunwei Capital and accompanied by Shanghai Xiaomiao Langcheng Investment Management, Ofound Angel and Wangdao Venture Capital. The company also gained an angel round of financing from Chenhui Venture Partners.

After the completion of this round of financing, DeepSight will expand its R&D and production team, develop AVI (automated visual inspection) products such as flexible printed circuit boards (FPC), printed circuit boards (PCB) and HDI, and maintain its leading position for fully intelligent AVI in the semiconductor field.

Founded in 2017, DeepSight focuses on the quality inspection of the artificial intelligence industry, mainly involving the production of semiconductors.

Based on its self-developed fully intelligent AVI system technology, DeepSight has served many leading industry customers, and has launched a variety of FPC\IC boards and standard PCB AVI products.

Michael Li, CEO of DeepSight, said that AI vision products in fields such as face recognition are very mature at present, and some companies have formed significant technological strength. However, especially in the semiconductor field, the detection demand for complex appearance products has not been entirely met.

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Due to the gradual improvement of industry requirements, the complexity and quality of products in the semiconductor field is also increasing, and the mode of manual appearance inspection relying on a large number of labour begins to face difficulties. This has also contributed to the rising market for testing equipment in China’s semiconductor industry in recent years. According to data by Qianzhan Industry Institute, the market scale of semiconductor testing equipment in China will reach 17.6 billion yuan ($2.76 billion) in 2020, and it is expected to approach 40 billion yuan in 2021.