Focusing on OIO and CPO, Qiming Photonics Secures Another Joint Investment from Multiple Top-tier Institutions!
Notably, this is another significant round of financing completed by Qiming Photonics within less than half a year after its angel round financing. The ability to receive intensive support from multiple leading institutions and industrial capitals in a very short period fully confirms the capital market's high recognition of the company's core technological barriers and the speed of commercialization. This round of financing will be mainly used for the research and development of the next-generation high-density co-packaged optics (CPO) and inter-chip optical interconnect (OIO), and to comprehensively promote the construction of the large-scale production line for core components.
Strategic Capital's Heavy Support, Dual Empowerment to Accelerate Results Transformation
The core highlight of this round of financing lies in the "dual empowerment" of Beijing New Materials Fund and well-known industrial institutions, which provides Qiming Photonics with comprehensive support from capital reserves to physical space.
Shunxi Fund brings strategic significance to the company, which represents the high attention of Beijing's funds to the underlying core materials and devices of next-generation information technology. As a cutting-edge hard-tech enterprise incubated by Peking University, Qiming Photonics will leverage the ecological empowerment of Shunxi Fund to further deepen the collaboration between industry, academia and research, and accelerate the transformation of world-class top achievements in the laboratory into industrial tools to solve the pain points of the country's computing power infrastructure.
Well-known industrial institutions provide decisive industrial support for the company's large-scale mass production. They not only provide financial support but also directly promote the establishment of the mass production base. Currently, the 2,000-square-meter mass production plant and high-standard clean room supported by them are about to be fully completed. The completion of this base marks that Qiming Photonics has officially crossed the gap from "scientific research and innovation" to "industrial mass production", which will greatly enhance the company's mass production and delivery capabilities of core components and the R & D capabilities in the fields of CPO and OIO high-density optical engine packaging.
Production Capacity Reserve Ready, Fully Embrace the AI Computing Power Era
Benefiting from both the continuous breakthroughs in core technologies and the upcoming completion of the company's mass production line, Qiming Photonics has made sufficient production capacity reserves for the subsequent explosive market demand and large-scale orders. In the future, Qiming Photonics will continue to deeply bind with leading wafer fabs, GPU manufacturers and data center customers through the path of "technology verification - scenario adaptation - standard co-construction", and continuously contribute top-notch next-generation optical interconnect solutions to the industry.
Speech by the Representative of Investors in This Round
Shunxi Fund said: Shunxi Fund has always highly focused on and is committed to promoting the industrialization of cutting-edge scientific and technological achievements of top universities, and has long been dedicated to the early discovery and accompanying growth in the field of cutting-edge hard technology. At present, as the computing power demand is growing exponentially driven by large AI models, high-density optical interconnect and co-packaged optics have become the inevitable path to break through the "computing power wall" and "energy consumption wall". As an excellent hard-tech team from Peking University, Qiming Photonics has profound technological accumulation in the fields of multi-wavelength light sources and silicon photonics chips. Beijing has the top university scientific research talent reserves and a complete integrated circuit and new materials industrial ecosystem in the country. Shunxi Fund will fully rely on Beijing's unique geographical and innovation ecological advantages, actively play the guiding role of state-owned capital, and help Qiming Photonics accelerate the commercialization process of core technologies, and jointly promote the independent innovation of underlying devices for the country's computing power infrastructure.
The industrial institutions in this round said: The key challenge for cutting-edge materials to move from the "laboratory" to the "industrial production line" is to cross the mass production gap, which is also the core mission of the industrial side. We highly recognize Qiming Photonics' forward-looking layout and solid foundation in the mass production process of CPO and OIO. Through this strategic investment and the co-construction of the 2,000-square-meter high-standard mass production base, we will provide Qiming Photonics with decisive industrial support from capital, process to physical space, and comprehensively ensure the large-scale and high-quality delivery of its core components, and jointly embrace the great explosion of the optical interconnect industry.