Collinstar Capital Leads $10M Series A Round In Chinese ASIC Chip Firm StrongU

Blockchain Platform For Digital Assets Concept 3D Rendered Illustration. Digitized, Decentralized, Public Ledger of All Cryptocurrency Transactions.

Chinese ASIC chip company StrongU Technology has recently completed a US$10 million series A round of financing from Collinstar Capital.

Founded in 2015, StrongU is an innovative technology company that provides high-speed, low consumption computing chips for blockchain and artificial intelligence (AI) applications. Based on advanced semiconductor technology and high performance chip, it realizes the vertical application in the block chain industry, including chip design, hardware products, embedded software, PC software and Internet platform development.

Its new-generation BTC ASIC chip has been successfully taped, and the prototype parameters and video will be announced in the near future. According to Xu Yinglong, CEO of Collinstar Capital, the computing power and power consumption of the new-generation BTC ASIC chip have reached the market-leading level; the development of emerging industries requires excellent infrastructure, and Collinstar Capital will continue to actively respond to the national call for new infrastructure support, continuously empowering the industry.

The Shenzhen-based company previously raised an undisclosed angel round from Collinstar Capital.

China Expert Network
 
Caishen.Co - Primary Data for China Secondary Investment and Stock Markets
Introducing Finley, the fintech newsbot from China Money Network! Using state-of-the-art machine learning technologies, Finley scours the globe for immediately usable data about the latest private equity deals, venture capital funding rounds, and business expansions happening in China. Finley asks: Who's buying whom? What company just raised new capital? What is the relationship among the parties? Then Finley uses his very real artificial intelligence to decipher that unstructured data to write news articles for you to read. So from unstructured data to a news story you can understand, China Money Network's Finley is your fintech newsbot business partner!

RELATED NEWS



LEAVE A REPLY