# PSR Startup profile on Capital Atlas: https://capitalatlas.ai/startups/psr - Industry: Semiconductors - Headquarters: Wuxi, China - Website: www.psrsemi.com - Total disclosed funding: $325M - Latest round: Series B (Aug 26, 2026) - Investors on record: 34 ## About Based in Jiangsu, China, and founded in 2022, Pioneer Semiconductor Research Co., Ltd., trading as PSR, is a semiconductor equipment manufacturer focusing on third-generation semiconductor devices and advanced packaging manufacturing. In August 2026, PSR raised approximately CNY 1.5 billion in Series B funding from CETC Fund, CRRC Guochuang Capital Management, BOE Technology Group, China International Capital Corporation, Richland Capital, Huatai Zijin Investment, Broad Vision Funds, China Merchants Bank, Boc Private Equity Firm, Huge Capital, Yinghe Jianguo (Beijing) Private Fund Management, Gaoxin Capital, Shanzheng Innovation Investment, Sorghum Capital, Addor Capital, Allin Capital, Xi'an Xinke Zhiyuan Venture Capital Co., Ltd., Classy Solid Asset Management, TEDA Venture Capital, Sunic Capital, Xinshang Investment, Xiang He Capital, with participation from other investors. The company specializes in the development and manufacturing of semiconductor equipment, specifically focusing on various deposition devices and core components of the supply chain. The company mainly develops semiconductor deposition equipment, semiconductor equipment components, and intelligent manufacturing software. Its products cover thermal ALD, PEALD, silicon/silicon carbide epitaxy, and PECVD equipment. Its products can be used in third-generation semiconductor devices and advanced packaging manufacturing. The company generates revenue by doing R&D and providing high-end thin-film deposition equipment and related products. The Series B funding raised in August 2026 will be primarily used for core product iteration, capacity building, and R&D expansion, further consolidating the company's technological advantages in the field of high-end semiconductor thin-film deposition equipment and accelerating the process of domestic equipment substitution. ## Funding rounds - Series B, Aug 26, 2026, $223M — China International Capital Corporation, China Merchants Bank, TEDA Venture Capital, Richland Capital, Addor Capital, Xiang He Capital, Huatai Zijin Investment, Huge Capital, Classy Solid Asset Management, Allin Capital, Sunic Capital, CETC Fund, Broad Vision Funds, CRRC Guochuang Capital Management, Xi'an Xinke Zhiyuan Venture Capital Co., Ltd., Xinshang Investment, Focus Capital, Shanzheng Innovation Investment, Boc Private Equity Firm, BOE Technology Group, Sorghum Capital, Yinghe Jianguo (Beijing) Private Fund Management - Series A, Feb 13, 2026, $101M — CITIC Goldstone Fund Management, Primavera Capital Group, Hillhouse Investment, TEDA Venture Capital, Addor Capital, Xiang He Capital, Classy Solid Asset Management, Hefei State-Owned Assets Holding, Anxin Capital, Allin Capital, Jinyuan Capital, Suzhou Yongxin Fangzhou Investment, Stony Creek Capital, Fengyuan Capital, Shenzhen Zhongzheng Investment Consulting Co.,Ltd., Xi'an Xinke Zhiyuan Venture Capital Co., Ltd., XCSemi - Series A, Nov 25, 2025 — Hefei State-Owned Assets Holding, Jinyuan Capital, Suzhou Yongxin Fangzhou Investment - Series A, Aug 28, 2025 — Wuxi Huading Venture Capital, Allin Capital, Xi'an Xinke Zhiyuan Venture Capital Co., Ltd. - Series A, Jul 7, 2025 — Primavera Capital Group ## Investors - Primavera Capital Group (https://capitalatlas.ai/funds/primavera-capital-group) — Series A - Wuxi Huading Venture Capital (https://capitalatlas.ai/funds/wuxi-huading-venture-capital) — Series A - Allin Capital (https://capitalatlas.ai/funds/allin-capital) — Series A, Series B - Xi'an Xinke Zhiyuan Venture Capital Co., Ltd. — Series A, Series B - Hefei State-Owned Assets Holding (https://capitalatlas.ai/funds/hefei-state-owned-assets-holding) — Series A - Jinyuan Capital (https://capitalatlas.ai/funds/jinyuan-capital) — Series A - Suzhou Yongxin Fangzhou Investment (https://capitalatlas.ai/funds/suzhou-yongxin-fangzhou-investment) — Series A - CITIC Goldstone Fund Management (https://capitalatlas.ai/funds/citic-goldstone-fund-management) — Series A - Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series A - TEDA Venture Capital (https://capitalatlas.ai/funds/teda-venture-capital) — Series A, Series B - Addor Capital (https://capitalatlas.ai/funds/addor-capital) — Series A, Series B - Xiang He Capital (https://capitalatlas.ai/funds/xiang-he-capital) — Series A, Series B - Classy Solid Asset Management (https://capitalatlas.ai/funds/classy-solid-asset-management) — Series A, Series B - Anxin Capital (https://capitalatlas.ai/funds/anxin-capital) — Series A - Stony Creek Capital (https://capitalatlas.ai/funds/stony-creek-capital) — Series A - Fengyuan Capital (https://capitalatlas.ai/funds/fengyuan-capital) — Series A - Shenzhen Zhongzheng Investment Consulting Co.,Ltd. — Series A - XCSemi — Series A - China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series B - China Merchants Bank — Series B - Richland Capital (https://capitalatlas.ai/funds/richland-capital) — Series B - Huatai Zijin Investment (https://capitalatlas.ai/funds/huatai-zijin-investment) — Series B - Huge Capital (https://capitalatlas.ai/funds/huge-capital) — Series B - Sunic Capital (https://capitalatlas.ai/funds/sunic-capital) — Series B - CETC Fund (https://capitalatlas.ai/funds/cetc-fund) — Series B - Broad Vision Funds (https://capitalatlas.ai/funds/broad-vision-funds) — Series B - CRRC Guochuang Capital Management (https://capitalatlas.ai/funds/crrc-guochuang-capital-management) — Series B - Xinshang Investment (https://capitalatlas.ai/funds/xinshang-investment) — Series B - Focus Capital (https://capitalatlas.ai/funds/focus-capital) — Series B - Shanzheng Innovation Investment — Series B - Boc Private Equity Firm (https://capitalatlas.ai/funds/boc-private-equity-firm) — Series B - BOE Technology Group — Series B - Sorghum Capital — Series B - Yinghe Jianguo (Beijing) Private Fund Management (https://capitalatlas.ai/funds/yinghe-jianguo-beijing-private-fund-management) — Series B