# Phxflys

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phxflys

- Industry: Hardware
- Headquarters: Suzhou Industrial Park, China
- Website: www.phxflys.com
- Total disclosed funding: $14M
- Latest round: Series B (Jan 16, 2026)
- Investors on record: 5

## About

Based in Suzhou, China and founded in 2022, Luanqi Technology (Suzhou) Co., Ltd., trading as Phxflys, is a hardware company focused on the development, production and sales of storage product test equipment. The company is headquartered in Suzhou and has a branch in Shanghai. In January 2026, Phxflys raised approximately CNY 100 million in Series B funding led by new investor Casstar Capital, with participation from new investors Lotus Lake Capital, Yixin Investment and other investors.
The company is dedicated to providing professional and comprehensive domestic test equipment and solutions for semiconductor storage products. And it can provide SSD, DPU test development platform, SSD mass production test equipment, enterprise SSD acceptance equipment, etc.
The company generates revenue by providing storage product testing equipment and other related products.
The Series B funding raised in January 2026 will be primarily used to expand production, increase R&D investment, and develop new product lines.

## Funding rounds

- Series B, Jan 16, 2026, $14M — Lotus Lake Capital, Casstar Capital, Yixin Investment
- Series A, Feb 1, 2023 — Cloud Capital
- Angel, Jul 7, 2022 — Allin Capital

## Investors

- Allin Capital (https://capitalatlas.ai/funds/allin-capital) — Angel
- Cloud Capital — Series A
- Lotus Lake Capital (https://capitalatlas.ai/funds/lotus-lake-capital) — Series B
- Casstar Capital (https://capitalatlas.ai/funds/casstar-capital) — Series B
- Yixin Investment — Series B