MeriTech secures nearly 100 million yuan in Series A+, B funding rounds
Shanghai (ZXZC)- Recently, Meritech Integrated Circuits Co., Ltd. ("MeriTech"), based in Beijing, announced the completion of two consecutive funding rounds within six months, raising a total of nearly 100 million yuan, according to a post on the company's WeChat account.
The A+ round was led by GAC Capital, while the B1 round was spearheaded by Shunxi Fund, under the Beijing State-owned Capital Operation and Management Company Limited.
Upon the conclusion of the latest funding round, MeriTech has attracted substantial investments from major players in the automotive industry, including NIO Capital, GAC Capital, and several Tier 1 suppliers. Winsoul Capital has consistently served as the exclusive financial advisor throughout multiple rounds.
Founded in 2021, MeriTech is a leading domestic supplier of high-performance analog and mixed-signal chips for intelligent connected vehicles in China. The company's core founding team hails from Analog Devices ("ADI"), a global leader in analog semiconductors. The core R&D team boasts over 15 years of design experience, spanning digital, analog, and communication protocol fields, while the product marketing team comprises former ADI China personnel who have driven SerDes sales in the Chinese market from zero to several hundred million USD.
Demonstration system based on the NVIDIA platform with a mix of 8M and 3M cameras; photo credit: MeriTech
Focusing on product philosophy of high transmission rate, long transmission distance, high EMC performance, high reliability, and cost-effectiveness, MeriTech's team has developed a robust SerDes product portfolio to create value for customers. The company plans to begin mass production of its 12Gbps SerDes product in this year's third quarter, supporting 17-megapixel camera transmission to meet cutting-edge customer applications. Concurrently, the 6Gbps/3Gbps products will enter mass production to cover mainstream market demands. MeriTech is also developing a 24Gbps SerDes product to cater to zonal architectures and high-speed daisy-chain topologies.