Eeasy Tech Completes Series A Round Funding


Published:

2019-05-21

(Tuesday, May 21, 2019, Beijing, China) EEASYTECH today announced that it has completed its Series A funding from JIC Capital (China Jianyin Investment Limited), followed by Delta Capital, Everest Venture Capital, and Zhuhai Science & Technology Venture Capital. The funding will be used to expand its IP cores to develop advanced processors, efficient SoCs and systematic solutions. It will also help the company provide better solutions for service distributors and partners, and further expand its market share in video surveillance, automotive electronics, AIoT devices, etc.

Eeasy Tech Completes Series A Round Funding

(Tuesday, May 21, 2019, Beijing, China) EEASYTECH today announced that it has completed its Series A funding from JIC Capital (China Jianyin Investment Limited), followed by Delta Capital, Everest Venture Capital, and Zhuhai Science & Technology Venture Capital. The funding will be used to expand its IP cores to develop advanced processors, efficient SoCs and systematic solutions. It will also help the company provide better solutions for service distributors and partners, and further expand its market share in video surveillance, automotive electronics, AIoT devices, etc.


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Founded in 2016, Eeasy Technology Co. Ltd.(EEASYTECH)is a systematic solutions provider with machine vision algorithms and SoC design at the core. 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 core team of Eeasy Tech has led mass production of SoCs for several times. Its R&D personnel of IC design and algorithm have more than 10 years of professional experience on average. The company raised tens of millions of RMB from the angel investor Northern Light Venture Capital, followed by Delta Capital in early 2018. Before that, EEASYTECH already went through the Pre-A funding round led by Intel Capital and followed by previous angel investors Northern Light Venture Capital and Delta Capital.
 
According to JIC capital: " The core team of EEASYTECH has the most experienced SoC design experts in China. With 20 years of experience in fabless semiconductor, the core team has successfully provided the market with a cumulative shipment volume of over 100 million pieces of chips. EEASYTECH has an independent R&D system, including comprehensive capabilities of IC design, embedded software systems and algorithms development. The company has outstanding competitive advantages to meet market demands in the future. At present, artificial intelligence has become 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 future demand, which is important for further development of artificial intelligence industry in China. JIC Capital will continue to prioritize 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.