Chip company Rodinson wins tens of millions of A rounds of financing | GGV Jiyuan Capital Investment

Sina Technology News April 20 afternoon news, China's high-precision intelligent industrial sensor company - Shanghai Rodinson Industrial Automation Equipment Co., Ltd. (hereinafter referred to as Rodinson) announced that GGV Jiyuan Capital's exclusive investment in tens of millions of dollars A round Financing. It is a new round of financing by Rodinson following the investment by AIG Capital in 2017.

Rodinson said that after the completion of this round of financing, Rodinson has reached industrial cooperation agreements with well-known domestic universities and research institutes, and will jointly invest in research and industrialization of high-end smart industrial MEMS chips at the Roddinson Industrial Park. We will strive to realize domestic substitution of foreign chips after one year, and provide a true 'China Core' for China Made 2025.

It is understood that Rodinson’s R&D team members all graduated from well-known universities both at home and abroad. The core technicians are trained by the professional theory and practice of the Fraunhofer IZM Institute in Berlin, Germany. The company has complete independent intellectual property rights, and its innovation includes The world's first pressure, differential pressure, liquid level and flow measurement sensors at 600°C, and the world’s first passive wireless intelligence, digital multi-channel pressure sensing and detection system, have accumulated more than 30 authorized patents.

Rodinson CEO Wang Xujian believes that Rodinson's products have excellent performance, high cost performance and competitive advantages. They are gradually implementing imported industrial sensors and transmissions used by key national industries such as chemical industry, power, energy, steel and metallurgy. The domestic replacement of the device products, and participate in the competition in the international market. At present, Rodinson products have been exported to the United States, Germany, Italy, Russia, the Netherlands, Switzerland, Brazil, Singapore, Malaysia, Indonesia, South Korea and other countries and regions.

According to Li Hongyi, managing partner of GGV Jiyuan Capital, “With the advancement of national strategies such as Industry 4.0 and China Manufacturing 2025, the trend of domestic alternative import in the industrial sector is gradually evolving. We see more and more Chinese teams with strong autonomy. R&D technical strength and enterprising spirit of entrepreneurship have become the benchmarks in the industry. Rodinson is a leader in the field of industrial sensors. The Rodinson team not only has strong technical strength and complete independent intellectual property rights, but is also practical in industrial sensors. The field has been plowing for many years and has been recognized by the market with excellent products. Our GGV is willing to stand with such a team and firmly support them in contributing their own power to China's advanced manufacturing and domestic substitution.'

2016 GoodChinaBrand | ICP: 12011751 | China Exports