Chinese display technology startup Yunyinggu has recently secured over RMB 200 million (USD 28.3 million) in Series C and C+ rounds of financing led by Qiming Venture Capital, local media outlet 36Kr reported on Sunday. Xiaomi, Qualcomm, AVIC Fund, and Northern Light Venture Capital also poured money into these rounds.
The fresh capital will be used to enhance the research and development of Yunyinggu’s chip design, and seek closer and continuous collaboration with more partners, said the company.
Founded in 2012, Shenzhen-based Yunyinggu is a developer of display technologies, which can be used to improve the performance of flat panel displays. The company has applied its technology to smartphones, laptops, TVs, and virtual reality devices. Its existing investors include Chinese display manufacturer BOE, Xiaomi, and Qualcomm.
36Kr is KrASIA’s parent company.
This article is part of KrASIA’s “China Brief” section, where KrASIA’s reporters will provide quick daily updates about the tech ecosystem in China.