MKSemi Completes Pre-A + Funding Round Led by Lightspeed China Partners and Gaorong Capital
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Mauna Kea Semiconductors (MKSemi), a low-power ultra-wideband (UWB) company, recently announced the completion of a Pre A + financing round, raising more than 80 million yuan (approximately $ 12.6 million ). This funding round was led by Lightspeed China Partners and Gaorong Capital, and was followed by Qiming Venture Partners and Ivy Capital.
Established in 2019, MKSemi was led by several seasoned experts in the field of mixed digital-analog signal design and focused on the design and development of UWB chips and solutions. This round of funding will be used for product R&D, market expansion and employee recruitment.
Recently, the company also launched its latest UWB wireless SoC (system-on-a-chip) product, the MK8000. The chip has high performance, ultra-low power consumption, and wide system integration, which means it is able to meet the needs of smartphones and Internet of Things (IoT) products.
In addition, MKSemi has recently established cooperative relationships with Infineon, the world’s leading provider of semiconductor chip solutions, and ThinkSeed Systems, an industrial or automotive systems integrator, to jointly launch secure positioning IoT product solutions. based on UWB and BLE technologies.
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Ali Bukhari, Marketing Director of IT and Wireless IoT Products for Infineon, spoke about the agreement: “We are working with MKSemi to create reasonable solutions for various location-based application scenarios, including asset tracking, PKE (public key encryption), warehouse management and location beacons.
Ultra-wideband (UWB) technology dates back to the 1960s and was designed for rapid transmission of data at low-power spectral densities via ultra-wide bandwidths. Right now, Apple, Samsung and other tech giants have started integrating UWB technology into their smart products, ranging from phones and speakers to other mobile accessories.
According to ABI Research, a market research company, the UWB industry is growing rapidly. It is estimated that by 2026, shipments of products incorporating UWB technology will increase from 143 million units in 2020 to 1.3 billion units.