Beijing, April 2, 2019 – Zhuhai Eeasy Technology Co. Ltd. ("Eeasy Tech"), a systematic solutions provider with AI machine vision algorithms and SoC design at the core, announced today that the company has completed a Series Pre-A funding round led by Intel Capital and followed by previous angel investors Northern Light Venture Capital and Delta Capital.

The funding will be used for Eeasy Tech's IP development, allowing the company to offer more advanced, efficient, and complete SoC solutions and drive its growth in video surveillance, smart home devices, and automotive electronics.

With comprehensive full-stack development capabilities, Eeasy Tech focuses on proprietary IP research and AI acceleration, high-definition (HD) display, audio & video coding/decoding, and high-speed mixed-signal circuits. By applying scenario-based IP design concepts, Eeasy Tech has industry-leading PPA (Performance/Power/Area) index for its independently developed IPs. The company launched its first test chip in 2017 and has recently completed the full mask tape-out of its on-device AI chip, with mass production planned for the second quarter of 2019.

CHEN Feng, the founder of Eeasy Tech, said: "We are grateful to receive a strategic investment from Intel Capital. By optimizing the use of Intel® Architecture and Intel's leading processing technology in the global semiconductor industry, we will develop broader AI application scenarios that help drive innovation within the sector."

CHEN Feng is an industry veteran in image and display processing technology and was one of the founding engineers of Actions Semiconductor CO., Ltd (NASDAQ: ACTS) and Allwinner Technology CO., Ltd. (SZ: 300458).

Tianlin Wang, China Country Manager at Intel Capital, said: "Eeasy Tech's independent IP development and AI SoC solutions are well aligned with Intel's strategy to promote innovation and breakthrough of AI technologies and applications. Eeasy Tech's strengths in SoC design and R&D, along with its embedded software system and core algorithm, should help strengthen the AI ecosystem and accelerate AI applications."

About Eeasy Tech

Zhuhai Eeasy Technology Co. Ltd. is a leading provider of systematic solutions with AI machine vision algorithms and AI SoC design at the core. Its products mainly cover three areas: smart security, automotive electronics, and smart devices. Founded in Zhuhai, China in July 2016, the company has since opened offices in Beijing and Shenzhen. Eeasy Tech has more than 100 employees, including a core team with successful experience in SoC mass production and an R&D team with more than 10 years of professional experience on average. For more information about Eeasy Tech, please visit www.eeasytech.com>

About Intel Capital

Intel Capital invests in innovative startups targeting artificial intelligence, autonomous technology, data center and cloud, 5G, next-generation compute, and a wide range of other disruptive technologies. Since 1991, Intel Capital has invested US$12.4 billion in 1,554 companies worldwide, and 670 portfolio companies have gone public or participated in a merger or acquisition. Intel Capital curates thousands of business development introductions each year between its portfolio companies and the Global 2000. For more information on what makes Intel Capital one of the world's most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.