Afalon recently completed a Series B financing of more than 100 million RMB.

36Kr has learned that "Avalon" recently announced the completion of a Series B financing of over 100 million RMB. This round is led by its existing shareholder Plum Ventures, with follow-on investments from Deyang State-owned Assets and Ningbo State-owned Assets. The raised funds will be mainly used for the R&D breakthrough of large field-of-view optical waveguide chips, the production capacity expansion of the mass production base in Deyang, Sichuan, and the industrial implementation of the optical communication device business.