# Xinai Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xinai-technology

- Industry: Electronics
- Headquarters: Nanjing, China
- Website: www.aaltosemi.com
- Total disclosed funding: $73M
- Latest round: Series A (Apr 24, 2023)
- Investors on record: 9

## About

Based in Nanjing, China and founded in 2021, Xinai Technology is a manufacturer of IC (integrated circuits) substrate products. The first and second phases of the company's factory cover 415 acres. It acquired certifications such as IATF16949 and VDA6.3 and has applied for more than 20 patents. In 2022, the construction of the N1 plant was completed. In January 2024, it raised over CNY 2.5 billion in strategic investment.

The company mainly provides FC-CSP (Flip Chip-Chip Scale Package) and FC-BGA (Flip Chip-Ball Grid Array). The FC-CSP includes ETS substrate, Coreless, and Build up, which can be used in consumer electronics, automotive electronics, artificial intelligence, data centers and other fields. The FC-BGA includes BT support plate and ABF support plate, which can be used in the fields such as computer CPU, GPU, 5G Netcom and base station, ASIC chip (application-specific integrated circuit), and Automotive chip ADAS (Advanced driver assistance systems).

The company will prototype FCBGA production line and achieve mass production in the second half of 2024.

## Funding rounds

- Series A, Apr 24, 2023, $73M — Gaorong Ventures, CTC Capital, TEDA Venture Capital, Yangtze River Capital, SL Capital, Kunqiao Capital, Lanhor Capital, Beijing Zhongqing Zhenghe Technology Venture Capital Management, Xingrui Fund

## Investors

- Gaorong Ventures (https://capitalatlas.ai/funds/gaorong-ventures) — Series A
- CTC Capital (https://capitalatlas.ai/funds/ctc-capital) — Series A
- TEDA Venture Capital (https://capitalatlas.ai/funds/teda-venture-capital) — Series A
- Yangtze River Capital (https://capitalatlas.ai/funds/yangtze-river-capital) — Series A
- SL Capital (https://capitalatlas.ai/funds/sl-capital) — Series A
- Kunqiao Capital (https://capitalatlas.ai/funds/kunqiao-capital) — Series A
- Lanhor Capital (https://capitalatlas.ai/funds/lanhor-capital) — Series A
- Beijing Zhongqing Zhenghe Technology Venture Capital Management (https://capitalatlas.ai/funds/beijing-zhongqing-zhenghe-technology-venture-capital-managem) — Series A
- Xingrui Fund — Series A