Chinese wireless SoC firm Osemitech completes first transaction of Pre-A+ funding round

Published: Aug 26, 2024 18:20

Source: gasgoo

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Recently, Osemitech Microelectronics Technology Co., Ltd (Osemitech), a Chinese automotive-grade wireless SoC chip company, completed the first tranche of its Pre-A+ round of funding.

Beijing (Gasgoo)- Recently, Osemitech Microelectronics Technology Co., Ltd ("Osemitech"), a Chinese automotive-grade wireless SoC chip company, completed the first tranche of its Pre-A+ round of funding, securing tens of millions of yuan, the company announced on August 26 via WeChat.

This investment was led by a fund jointly established by Jinding Capital and KKangxi Communication Technologies.

The funds from this round will be used to further develop ultra-wideband (UWB) and automotive millimeter-wave radar chips, ensuring the accelerated mass production of these technologies. In the past six months, Osemitech has raised over 100 million yuan across multiple funding rounds. The company has received strong backing from several publicly listed companies and industry capital.

Founded in October 2020, Osemitech specializes in the design of UWB and automotive millimeter-wave radar SoC chips. The company boasts a top-tier SoC development team with extensive experience in automotive-grade products, drawn from leading domestic and international chip design firms.

Osemitech's UWB SoC products are already in mass production and cater to various applications, including IoT, smartphones, and automotive sectors, with multiple customers placing significant orders. The company's core product line, automotive-grade UWB SoC chips, is currently in a phase of rapid mass production. These chips integrate positioning, communication, and radar sensing, achieving industry-leading performance with a ranging accuracy of ±1 cm, an angle of arrival (AOA) deviation of ±1°, and data transmission rates up to 100 Mbps, all while maintaining power consumption below 50% of leading industry products, said Osemitech.

Osemitech is the first to offer a complete domestic digital key and radar chip solution (including in-cabin life detection and kick radar) for automotive clients, having passed extensive testing in complex scenarios with car manufacturers.

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