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

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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.

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