Focusing on innovation in semiconductor storage and cloud computing storage, "Lindetek Technology" has received tens of millions of US dollars in Pre-A round financing from funds under Matrix Partners China and CICC Capital.
Author | Ye Danxuan
Editor | Yuan Silai
HardcoreTech has learned that the semiconductor storage and cloud computing storage innovation enterprise "Leadtron Technology" recently announced the completion of a tens of millions of US dollars Pre-A round of financing. It is invested by Matrix Partners China and funds under CICC Capital, and Xinghan Capital serves as the long-term exclusive financial advisor. The funds from this round of financing will be mainly used for upgrading the production line and supply chain, continuously investing in product research and development, and further expanding the global market.
Leadtron Technology was established in Shenzhen in 2018, providing semiconductor storage and cloud computing storage products globally. Its products cover solid-state drives (SSDs), mobile storage, memory modules, embedded storage, cloud computing storage, and peripheral products. The company has its own storage brands such as "FANXIANG", "EDILOCA", and "FIKWOT", and has deployed in multiple countries and regions in North America, Europe, Asia, and the Middle East.
With the rapid development of artificial intelligence, big data, and cloud computing, the global data volume is experiencing an explosive growth, and the demand in the storage industry has also expanded accordingly, continuously releasing new opportunities in the industry. IDC data shows that the global data volume generated per year will reach 2142 ZB in 2035, about 45 times that of 2020. According to CFM Flash Market data, in the first three quarters of 2024, the global storage market size exceeded 120 billion US dollars, reaching 120.225 billion US dollars.
Currently, the market is putting forward new requirements for storage technology and its products, from traditional storage products mainly for capacity expansion to comprehensive products with high performance and security. It is observed that product solutions that emphasize high performance, high availability, and high scalability are urgently needed in the current market. At the same time, products that can be applied in the fields of cloud computing, big data, artificial intelligence, etc. are even more scarce.
The business head of Leadtron Technology told HardcoreTech that the global data volume is experiencing geometric growth, and the market opportunities are relatively abundant. Based on this, Leadtron Technology is targeting an efficient, stable, and secure one-stop storage solution in the product development direction. As a rare domestic brand with the ability of one-stop research, production, marketing and sales integration, and simultaneously exerting efforts in domestic and overseas markets, it has currently achieved the top 5 online ranking of solid-state drive brands in the superior markets such as Europe and the United States, achieved the first place in continuous 12-month growth across all sites on Amazon, and is also the first in revenue growth rate among the top solid-state storage brands on Amazon. At the same time, in the domestic market, it is the monthly sales champion of non-original SSD hard drives on JD.com. The products have won many international honors such as the American Muse Award, the French Design Award, the European Design Award, and the American Good Design Award.
In terms of R & D capabilities, the core products of Leadtron Technology achieve a transmission speed of 14000MB/s and the third-generation 4K LDPC ECC technology, which can achieve an ultra-low data error rate, and the ability to persist data has been significantly improved. The company has accumulated more than 100 patents, including more than 20 invention patents and more than 40 utility model patents. Leadtron Technology is a national high-tech enterprise and a specialized, refined, distinctive, and new "little giant" enterprise.
In terms of the team, the core team members all have more than 15 years of industry experience. The founder and CEO Wang Yuanjun has more than 20 years of experience in the intelligent storage industry and once founded a storage production base with a top 5 shipment volume. The R & D leader has more than 10 years of experience in intelligent storage R & D and has served as the system storage R & D leader of several leading technology enterprises. The product leader has nearly 20 years of experience in intelligent storage product development and has served as an R & D executive in a domestic first-line storage enterprise.
In response to the rapid changes and huge opportunities in the industry, the business head of Leadtron Technology told HardcoreTech that in the future, using data storage as the basis, cloud computing as the bridge, and artificial intelligence as the tool will become the key elements of competition. Therefore, Leadtron Technology will continue to increase investment in technological innovation and build a new "storage + AIOT" ecosystem for the global market.
Investor's perspective:
Wang Bingxing, Investment Director of Matrix Partners China, said: "The rapid growth of global data volume brings a continuously expanding demand for storage. The rapid development of electronics, communications, and AI technologies rapidly drives the iteration of the storage industry, bringing more product definition space. At the same time, after the breakthrough of the core chokepoints in the upstream chips of the Chinese storage industry, more markets for domestic substitution and domestic independent and controllable innovation in information technology have been released, enabling the entire industry chain to have the ability to compete in the international market. We have seen the clear and sophisticated insights of the core team led by Mr. Wang into the industry, the early layout, the efficient and lean iteration, and the rapid business development. We believe that Leadtron will further take the lead in the wave of rapid development and going global of the Chinese storage industry."
Tong Xuanzi, Managing Director of CICC Capital Operations Co., Ltd., pointed out that the core team of Leadtron has deep experience in the storage industry and has strong core competitiveness in various aspects such as technological innovation, product definition, capacity building, and omni-channel operation. The company has successfully crossed the industry cycle adjustment in the past development, and its own brand FANXIANG has rapidly grown into a leading third-party consumer-level storage brand at home and abroad. We firmly believe that Leadtron will continue to adhere to integrity and innovation in the already arrived AI era and provide efficient and safe intelligent storage products for global consumers.