# Lianyi Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lianyi-tech

- Industry: Industrial Machinery
- Headquarters: Shanghai, China
- Website: www.shlytech.com.cn
- Latest round: Series B (Jun 26, 2024)
- Investors on record: 7

## About

Established in 2017 and based in Shanghai, China, Lianyi Tech is an enterprise integrating the research and development of high-performance sliding bearing materials and products, and the design of special equipment for bearings, etc. The founder of the company, Dr. Zhongwei Yin, has undertaken research on nearly 20 major special projects and key projects for sliding bearings. As for the team, the company has more than 40 R&D personnel, 20 with master's degree or above, and more than 30 patents and software publications. In July 2023, the company closed series A+ funding from new investor Addor Capital. In June 2024, Lianyi Tech closed series B funding from new investors QF Capital and Huayi Venture Capital.

The company's business includes sliding bearing material and product development, bearing special equipment design, simulation, test evaluation and lubrication and friction mechanism research. For products, the materials for the company's sliding bearing products are developed and prepared independently by the team. Specific products include PA-based composite water-lubricated bearings, fabric-based composite water-lubricated bearings, etc., which are used in fluid machinery, military industry, engineering machinery and automotive industry.

## Funding rounds

- Series B, Jun 26, 2024 — QF Capital, Huayi Venture Capital
- Series A, Dec 20, 2023 — Jinguan Investment Management, Zheneng Fund
- Series A, Jul 3, 2023 — Addor Capital
- Series A, Jan 19, 2023 — Trinity Innovation Fund, Weibite Investment

## Investors

- Trinity Innovation Fund (https://capitalatlas.ai/funds/trinity-innovation-fund) — Series A
- Weibite Investment — Series A
- Addor Capital (https://capitalatlas.ai/funds/addor-capital) — Series A
- Jinguan Investment Management (https://capitalatlas.ai/funds/jinguan-investment-management) — Series A
- Zheneng Fund (https://capitalatlas.ai/funds/zheneng-fund) — Series A
- QF Capital (https://capitalatlas.ai/funds/qf-capital) — Series B
- Huayi Venture Capital (https://capitalatlas.ai/funds/huayi-venture-capital) — Series B