InJuly 2022, Flagchip as Flagship, a Sinovation Ventures invested company, announcedthe completion of hundreds of millions of dollars of round B and strategic round financing. The financing funds will be mainly used for the R&D and mass production of new power chassis domain controllers for smart cars.
Round B financing was ledby Intel Capital and followed by Glory Ventures, the senior shareholder. The investors of strategic round financing include in-depth partners in important industries such as GAC Capital and Kington Capital.
WANG Zhenxiang, Executive Director of Sinovation Ventures,said that theautomotive-grade Motor Control Unit (MCU) is the core component of automotive semiconductors. As the early investor of Flagchip as Flagship, Sinovation Ventures has seen its rapid progress in just one year. The company has successively completed the strategic round and Round B financing and provided customers with the first automotive-grade MCU. The design process of its chips has passed ISO 26262 ASIL Dcertification, and its team has also been recognized by leading car makers and industry players. Sinovation Ventures believes that the company can fill the gap in domestic automotive MCU and become a leader through innovation.
The investments from many investors reflect the company had wonthe recognition of the market by refining its technology. The company provides a full range of products from ISO26262 ASIL-B to ASIL-D. Recently, the second high-performance automotive-grade chip of the FC4150 series, with a built-in 2M embedded FLASH and 100M Ethernet interface, will be launched, further enriching the product line. FC4150 product series applies to BCM, BCM+, BMS, lighting, motor control, HVAC, TPMS, T-BOX and other applications of automobiles.
The company's R&D products meet the automotive-gradeAEC-Q100, functional safety standard ISO26262, and various automotive-grade reliability tests, and can be widely used in the car body, automotive instrumentation, safety, power, and battery management, etc. Its goal is to fill the gap in domestic vehicle controller chips, build a new industry ecosystem, and strive to develop into a leading manufacturer in the field of automotive and industrial controllers in China.
HUANGZhengqin, CMO of Flagchip as Flagship, said: the financing support of high-techgiants is recognition of our high-tech technology. In the trend of automotive intelligence, we have focused on both domestic and overseas markets, so that our products with high performance in efficiency, reliability, and safety can provide the highest guarantee for smart automobile travel.