Congratulations to Erised Semiconductor for completing the A+ round of financing exceeding 100 million yuan
- Time of issue:2021-06-24
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(Summary description)Erised Semiconductor, a developer of display driver and power management ICs, has completed its A+ round of financing of over 100 million yuan. The investors are institutions such as Junsheng Investment, Runwu Venture Capital, and Grass Star Venture Capital. Old shareholders Heli Capital and other institutions continue to increase their stake.
Congratulations to Erised Semiconductor for completing the A+ round of financing exceeding 100 million yuan
(Summary description)Erised Semiconductor, a developer of display driver and power management ICs, has completed its A+ round of financing of over 100 million yuan. The investors are institutions such as Junsheng Investment, Runwu Venture Capital, and Grass Star Venture Capital. Old shareholders Heli Capital and other institutions continue to increase their stake.
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- Time of issue:2021-06-24 16:14
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Erised Semiconductor, a developer of display driver and power management ICs, has completed its A+ round of financing of over 100 million yuan. The investors are institutions such as Junsheng Investment, Runwu Venture Capital, and Grass Star Venture Capital. Old shareholders Heli Capital and other institutions continue to increase their stake.
Since its establishment, Erised Semiconductor has established a product line for the diversified development of display driver ICs and power management ICs. In just over two years, Erised Semiconductor has received a lot of capital attention in the semiconductor industry. It is understood that in Erised’s A+ round of financing, the old shareholder Heli Capital continued to pursue investment, adding tens of millions of yuan, fully expressing its recognition and high confidence in the Erised team.
Yang Xuefei, managing director of Junsheng Investment, said, "Erised itself is in a big industry track, and the demand for localization substitution is urgent, and it coincides with the time window period of changes in the display and panel industries; the technical team comes from major international manufacturers and has The large-scale mass production experience of LCD, OLED and other display driver chips are veterans in the industry; Erised has already provided mass production and supply for major first-line panel customers, display customers and brand customers, and has the first-mover in the industry's economic development cycle. Advantages, technological advantages, and global vision advantages can ensure that the company maintains long-term and stable competitiveness in the future global arms race. Lu Pengyu, founding partner of
Runwu Venture Capital, said, "Semiconductor chips are what we Runwu Venture Capital In key areas of deployment, display driver chips have been monopolized by South Korea and Taiwan, while downstream panel makers in mainland China have taken the lead in the world in shipments, and the supporting display driver chips will also be gradually replaced by domestic products. Erised's core team comes from international giants such as Samsung and Novatek. They have rich experience in chip design and successful mass production of OLED driver chips, and have shipped them in batches to downstream brand customers. On the whole, domestic display driver IC companies have not yet emerged as an absolute leader. Although Erised is a young entrepreneur, it belongs to the first echelon in terms of technical capabilities, mass production capabilities, and market resources, and has great opportunities. stand out. Xie Yuxuan, spokesman for Erised Semiconductor, said, "In less than three years since its establishment, Erised has become a front-end market brand in the display driver circuit. Our project progresses at the fastest speed and has successfully been recognized by the market. "
In addition, the company is the only chip company that can simultaneously produce products across three display technologies, LCD, OLED, and Micro LED. "
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Erised Semiconductor, is a fabless IC design company with owned intellectual property, mainly engaged in chip research and development, design, manufacturing, testing and sales, providing customers with reliable and comprehensive solutions.
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