Latest EigenCOMM News
Nov 20, 2019
Chinese Cellular IoT Chip Provider EigenCOMM Completes CNY 100 Million Series A Chinese Cellular IoT Chip Provider EigenCOMM Completes CNY 100 Million Series A With the new funding, the startup plans on accelerating its production process and driving innovation by throwing money at research and development. Throw 'em away? Image credit: Lucian Alexe/Unsplash As Chinese investment information platform PEdaily (投资界) reported on November 20, EigenCOMM (移芯通信) – which makes and markets cellular chips for smart home devices – has carried out a Series A round of financing, obtaining as much as CNY 100 million (USD 14.21 million) from global Venture Capital (VC) network Vertex Ventures, Shenzhen Capital Group and a few other investors. This is the fourth funding event for the Beijing-based firm. It last undertook a round of strategic investment in July 2018. Back then, it received an undisclosed amount of money from Fellow Partners (复朴投资), Chord Capital (九弦资本), New Margin Ventures (联创永宣). Founded in 2017, EigenCOMM offers turnkey solutions for the Internet of Things (IoT) ecosystems. In the Chinese market, it competes with companies such as System-on-a-Chip (SoC) producer Xinyi Information Technology (芯翼信息科技), Integrated Circuit (IC) design-focused firm Winner Micro (联盛德微电子) and Alibaba Group-backed ASR Microelectronics (翱捷科技). On the global semiconductor scene , the chipmaker’s counterparts include Israeli wireless startup Altair Semiconductor, Californian fabless company Eridan Communications and Codasip, a representative of the new generation of German computer chip industry. To be updated.