Mingxin Qirui completes Series A financing of over RMB 400 million.

36Kr learned that on October 19, MemSilicon announced that it has completed a Series A financing of over 400 million RMB. This round of financing was led by Boyuan Capital, with follow-on investments from Bosch Venture Capital, Chuangling Capital, miHoYo, Zhongguancun Science City Co., Ltd., GigaDevice and other institutions. Existing shareholders including Furong Investment, China Development Bank Science and Technology Innovation, Hengyu Capital, Jinqiu Fund, Shunxi Fund, Xiaomi Strategic Investment, and CAS Star continued to increase their stakes. The funds raised in this round will be mainly used for the industrialization and commercialization of RRAM, as well as the R&D of the new product LPU.