# Precision Intelligent Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/precision-intelligent-technology-co

- Industry: Semiconductors
- Headquarters: Dongguan, China
- Website: www.plxcn.com/
- Total disclosed funding: $27M
- Latest round: Series B (Feb 4, 2021)
- Investors on record: 6

## About

Established in 2017 and based in Dongguan, China, PrecisioNext was founded by a team of senior professionals in motion control, algorithms, machine vision, linear motors, semiconductor equipment, and automation. The company set up its headquarters and production center in Dongguan, with additional R&D and sales centers in Suzhou, Shenzhen, and Hong Kong. Over time, it established a 35,000 m² production plant, adopting a vertically integrated model covering machining, assembly, and testing. The team includes PhD and master’s graduates from leading Chinese universities such as Beihang University and Huazhong University of Science and Technology. Since its inception, PrecisioNext has secured recognition and strategic cooperation with multiple publicly listed companies.  The company develops and provides wire bonding machines, packaging testing hardware, and automation solutions for applications in LED packaging, optical communication and semiconductor industries.  The company generates revenue primarily from the design, production and sale of semiconductor and automation equipment.

## Funding rounds

- Series B, Feb 4, 2021, $15M — Lightspeed Venture Partners, Oriza Holdings, Yunqi Partners, China Fellow Partners
- Series A, Nov 7, 2018, $12M — CDH Investments, Yunqi Partners
- Angel, May 8, 2018 — Lightspeed Venture Partners, QF Capital

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Angel, Series B
- QF Capital (https://capitalatlas.ai/funds/qf-capital) — Angel
- CDH Investments (https://capitalatlas.ai/funds/cdh-investments) — Series A
- Yunqi Partners (https://capitalatlas.ai/funds/yunqi-partners) — Series A, Series B
- Oriza Holdings (https://capitalatlas.ai/funds/oriza-holdings) — Series B
- China Fellow Partners (https://capitalatlas.ai/funds/china-fellow-partners) — Series B