# Corewing Information Technology (Shanghai) Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/corewing-information-technology-shanghai-co

- Industry: Electronics
- Headquarters: Shanghai, China
- Website: www.xinyisemi.com
- Total disclosed funding: $121M
- Latest round: Series C (Mar 17, 2023)
- Investors on record: 20

## About

Established in 2017 and based in Shanghai, China, Corewing Information Technology (Shanghai) Co., Ltd. is an internet of things(IoT) chip developer. It built development centers in Shanghai, Nanjing, and Chengdu and also set up client backup centers in Shenzhen, Xi'an, and Chongqing. The founders and core team come from the communication chip companies such as Broadcom, Qualcomm, Intel, and Maxlinear, and graduated from UCLA, TAMU, UT Dallas, etc.

The company focuses on the research and development of internet of things(IoT) system chips. It has developed ultra-high integration, 5G NB-IoT system single chip XY1100, which can be applied to smart homes, asset tracking, bicycle sharing, and other IoT application scenarios.  Its chips have won many clients such as model factories and solution design company orders including GOSUNCN, Quectel, SIMCOM, LongSung, etc.

## Funding rounds

- Series C, Mar 17, 2023, $44M — Haitong Innovation Capital Management, China Internet Investment Fund, Ce Innovation Capital, Sheng Ang Investment, Fujian Hanqian Investment
- Series B, Sep 14, 2021, $78M — Sinowisdom Capital, China Merchants Capital, CMB International Asset Management, Frees Fund, CD Capital, CICC Alpha, Ningbo Water Meter (Group) Co., Ltd., Yachang Investment
- Series A, Dec 14, 2018 — Coastal Capital, CEC Capital, Qianhai Ark Capital, Septwolves Holding Group, Hangzhou Oriental Jiafu Asset Management Co., Ltd
- Angel, Jun 28, 2017 — Frees Fund, Casstar Capital, Zhejiang Pudu Technology

## Investors

- Frees Fund (https://capitalatlas.ai/funds/frees-fund) — Angel, Series B
- Casstar Capital (https://capitalatlas.ai/funds/casstar-capital) — Angel
- Zhejiang Pudu Technology — Angel
- Coastal Capital (https://capitalatlas.ai/funds/coastal-capital) — Series A
- CEC Capital (https://capitalatlas.ai/funds/cec-capital) — Series A
- Qianhai Ark Capital (https://capitalatlas.ai/funds/qianhai-ark-capital) — Series A
- Septwolves Holding Group — Series A
- Hangzhou Oriental Jiafu Asset Management Co., Ltd — Series A
- Sinowisdom Capital — Series B
- China Merchants Capital (https://capitalatlas.ai/funds/china-merchants-capital) — Series B
- CMB International Asset Management (https://capitalatlas.ai/funds/cmb-international-asset-management) — Series B
- CD Capital — Series B
- CICC Alpha (https://capitalatlas.ai/funds/cicc-alpha) — Series B
- Ningbo Water Meter (Group) Co., Ltd. — Series B
- Yachang Investment — Series B
- Haitong Innovation Capital Management (https://capitalatlas.ai/funds/haitong-innovation-capital-management) — Series C
- China Internet Investment Fund (https://capitalatlas.ai/funds/china-internet-investment-fund) — Series C
- Ce Innovation Capital — Series C
- Sheng Ang Investment (https://capitalatlas.ai/funds/sheng-ang-investment) — Series C
- Fujian Hanqian Investment — Series C