China-based display technology producer Yunyinggu has collected RMB300m ($45.6m) of series D funding from investors including mobile semiconductor producer Qualcomm, Tech in Asia reported yesterday.
The round was led by Sequoia Capital China and included fellow venture capital firms Northern Light Venture Capital and Qiming Venture Partners.
Founded in 2015 and also known as Viewtrix, Yunyinggu supplies LED-enabled integrated circuits for displays in consumer electronics, specifically models using OLED and AMOLED light diodes to offer enhanced quality and energy efficiency.
The series D cash will go to research and development, manufacturing and go-to-market activities. Yunyinggu had raised more than $28.3m of series C and C-plus funding in April 2020 from investors including consumer electronics producer Xiaomi.
Qiming Venture Partners was also among those investors, as were Hongtai Fund, Avic International Capital and Vertex Ventures China, a subsidiary of Singaporean state-owned VC group Vertex Ventures.
Qualcomm’s investment arm, Qualcomm Ventures, led a round of undisclosed size for Yunyinggu that closed in early 2018 with contributions from operating system technology provider Thunder Software Tech, OLED manufacturer Visionox, China’s National Semiconductor Fund and Northern Light Venture Capital.
Vertex Ventures and Citic Capital had earlier provided series A funding for the company while electronics manufacturer BOE Technology took part in a subsequent series A-plus round. Its earlier backers reportedly include e-commerce firm JD.com.