China’s SmartSens has secured US$225 million in investment in its latest funding round, the company said on Friday.
The firm will focus on developing chip architecture for CMOS image sensors (CIS) with the latest funds.
State-owned China Integrated Circuit Investment Fund, Xiaomi Changing Industrial Fund, China Merchant Bank’s CMB International and others participated in the round.
Sequoia Capital China and China Internet Investment Fund other newly joined as investors.
Previous investors Lenovo Capital and Forebright Capital also joined the round.
SmartSens is based in Shanghai and was founded in 2011. It has been developing high-resolution image and video capturing products using artificial intelligence.
The company has been the top CIS maker in security area since 2017.
The company grew on the back of collaboration with South Korean tech companies such as Samsung Electronics and DB HiTek.
Samsung was also an SmartSens investor and a close partner for the Chinese company.
