# Espressif Systems (Shanghai) Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/espressif-systems-shanghai-pte

- Industry: Semiconductors
- Headquarters: Shanghai, China
- Website: www.espressif.com
- Latest round: Series C (May 8, 2018)
- Investors on record: 7

## About

Founded in 2008 and based in Shanghai, China, Espressif Systems (Shanghai) Pte., Ltd. is a fabless semiconductor company that develops a range of Wi-Fi+Bluetooth (BLE) chipsets and modules for wireless computing. The company has branch offices in China, the Czech Republic, India, Singapore and Brazil. In May 2018, it closed a series C financing co-led by new investors Intel Capital and Beijing Xindongneng Investment Fund, new investor Shanghai Convergence Capital and returning investor Midea Group also participated in this funding. In 2019, the company was listed on the Shanghai Stock Exchange.

Espressif Systems (Shanghai) Pte., Ltd. mainly develops and produces wireless communication chips and modules for use in smart homes and industrial automation lighting related fields. Specific products include ESP32 modules, Bluetooth wireless system-level chips, Espressif SDK, etc. The company's AIoT solutions include IoT development frameworks and tool chains such as ESP-IDF and ESP RainMaker® private cloud platform.

The company generates revenue by developing ESP32 modules, Bluetooth wireless system-level chips, Espressif SDK, etc. for smart home and industrial automation lighting related fields.

## Funding rounds

- Series C, May 8, 2018 — Intel Capital, Midea Group Co., Ltd., Shanghai Zhonghao Asset Management, Beijing Xindongneng Investment Fund
- Angel, Dec 30, 2016 — SAIF Partners, Qingdao Haier Co., Ltd., Jinxing Venture

## Investors

- SAIF Partners (https://capitalatlas.ai/funds/saif-partners) — Angel
- Qingdao Haier Co., Ltd. — Angel
- Jinxing Venture (https://capitalatlas.ai/funds/jinxing-venture) — Angel
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series C
- Midea Group Co., Ltd. — Series C
- Shanghai Zhonghao Asset Management (https://capitalatlas.ai/funds/shanghai-zhonghao-asset-management) — Series C
- Beijing Xindongneng Investment Fund — Series C