Wuxi-based chip company secures nearly 100 million yuan in Series A+ financing for full-stack industrial and robotic real-time intelligent control chips | Exclusive from Hardcore Kr

Author | Lin Qingqing

Editor | Yuan Silai

Yingke has learned that Wuxi CoreField, a full-stack real-time intelligent control chip design company in the industrial and robotics fields, has recently completed a Series A+ financing round, raising nearly 100 million yuan. This round of financing was led by Waniu Capital, with participation from Urban Investment, Xiying Fund, and existing shareholder Guolian Xinchuang. Xingtang Capital served as the financial advisor. The funds raised will be mainly used to accelerate the R & D iteration of multiple core chips, expand production capacity, and deeply explore the customer markets in the industrial and robotics sectors.

Founded in 2019, Wuxi CoreField focuses on chip R & D in three major directions: industrial control, high-speed interconnection, and heterogeneous computing. The company adopts a full-stack real-time control and management technology route, covering the complete data flow from sensing, transmission, processing to control. It provides domestically controllable chip solutions for industries such as industrial automation, robotics, and automotive electronics.

Currently, driven by the wave of Industry 4.0 and AI intelligence, the demand for real-time communication, high-precision control, and multi-modal data processing in industrial systems has increased significantly. Especially in the fields of industrial Ethernet, PCIe switch chips, DSP chips, and edge computing, the domestic market has long been dominated by international manufacturers such as Texas Instruments (TI), Broadcom, Siemens, and Beckhoff, with a very low localization rate. Taking industrial Ethernet as an example, the standard setting and chip supply of key protocols such as EtherCAT and PROFINET have long been controlled by European and American enterprises, and domestic manufacturers are restricted in terms of technology ecosystem and supply chain. With the intensification of international trade frictions, high-end chips face the risks of supply disruption and soaring prices. Industrial and robotics enterprises urgently need chip products with independent intellectual property rights that can achieve domestic substitution.

In response to the above industry pain points, Wuxi CoreField has gradually built three core product lines around four major technical directions: real-time control, sensing processing, edge computing, and high-speed communication: PCIe switch chips, industrial Ethernet chips, and real-time intelligent computing chips. Yingke has learned that among them, the PCIe 3.0 switch chips have been delivered in batches, and the R & D of versions 4.0 and 5.0 is being continuously promoted. In terms of industrial Ethernet chips, the company has the core technology of software-defined networking, which can support various mainstream industrial real-time Ethernet networks, including PowerLink, Profibus, EtherCat, Profinet, etc.

Currently, the company has achieved mass customer adoption of its EtherCAT slave control chips. Using this technology, it has also broken through the barrier of the non - open PROFINET protocol and developed products that are functionally compatible with mainstream industry chips through fully independent design. It is one of the few domestic enterprises that master the core technology of software-defined real-time Ethernet chips. In the field of DSP chips, the company's XP6000, XP6746 and other product series are fully comparable to TI's C2000 and C6000 series, showing differentiated performance in real-time signal processing, AI inference integration, and motor control. The company has also independently developed IPs such as RISCV and NPU, integrating the leading domestic DSP core technology. It is launching a super - heterogeneous real-time intelligent control chip that integrates real-time communication, real-time computing, and intelligent processing, which can be widely applied in fields such as smart factories, intelligent driving, and embodied intelligence.

In terms of the technical path, Wang Yongqing, the chairman of Wuxi CoreField, told Yingke that the company adheres to full - forward R & D and self - developed underlying IP, without relying on external IP licenses. This gives the company greater autonomy in protocol understanding, system architecture, and function expansion. For example, the software - defined technology used in its industrial Ethernet chips enables the same chip to be adapted to different communication standards, providing downstream customers with the possibility of flexible configuration. In its DSP products, the company has enhanced real - time processing and algorithm adaptability in industrial and robotics scenarios by adding eFPGA programmable modules and extended instruction sets.

In terms of market implementation, Wuxi CoreField has achieved mass production and commercialization of multiple chips, with a cumulative production of more than ten types of chips. Its sales revenue in 2024 reached tens of millions of yuan. Its customers include several leading enterprises in the industrial control field, as well as many robotics innovation companies and state - owned enterprises' research institutions. In the robotics field, its EtherCAT chips, with high synchronization accuracy and reliability, have passed the tests of several embodied intelligence enterprises and entered the stage of mass delivery.

The Wuxi CoreField team includes several core technical backbones from the "Shenwei Processor" national high - performance computing project. The founder and chairman, Wang Yongqing, and several other members have more than 20 years of experience in integrated circuit design. They have undertaken multiple national major scientific research projects and won provincial and ministerial science and technology progress awards multiple times. The company currently has about 100 employees, with R & D personnel accounting for 79%. Supported by the Wuxi government, it has established the "Heterogeneous High - Performance and High - Speed Interconnection Technology R & D Center". The company has accumulated 12 layout design exclusive rights, 11 invention patents, and 60 software copyrights, and has been selected as a specialized and sophisticated "little giant" enterprise in Jiangsu Province and a pre - unicorn enterprise in Wuxi.

Investors' Views:

Pan Yi, the chairman of Waniu Capital, said that the development focus of the chip field is currently shifting from "technological breakthrough" to "scene value verification". Since its establishment, the team has adhered to full - forward R & D of chips and has successfully completed the development of multiple industrial Ethernet chips and high - end DSP chips. CoreField is highly consistent with Waniu's investment direction. Mr. Pan said that original design ability is the key to breaking the international giants' monopoly on underlying protocols and promoting domestic industrial upgrading. Waniu will leverage its industry resources in the industrial field to promote in - depth collaboration among invested enterprises, provide post - investment management support, accelerate the integration of the industrial automation industry chain, and help CoreField achieve faster technology implementation and development.

Guolian Xinchuang: Since we entered the semiconductor track, we have focused on discovering enterprises with solid technology and strong R & D iteration capabilities. CoreField's technical accumulation in various chips such as PCIe, industrial Ethernet, and DSP enables the enterprise to break through and find business growth space in the current highly competitive market. In addition, CoreField's products have been certified by leading manufacturers and have achieved in - depth cooperation. In the future, we will accompany the enterprise all the way and look forward to CoreField becoming a leading domestic enterprise.