According to foreign media reports, semiconductor startup GreenWaves Technologies (GreenWaves) announced today (20) that it has completed a 7 million Euro A round of financing, led by Huami Technologies, followed by Soitec, an angel round investor.
It is understood that this round of financing will be mainly used to expand the industry's first battery-driven ultra-low power, Internet of Things artificial intelligence processor GAP8 sales channels, as well as the next generation of product development.
“The support of these outstanding corporate investors proves the unique value of the GAP processor family in this emerging market.”Loic Lietar, co-founder and CEO of GreenWaves, said.“We are sure that we are one step ahead of the market in the whole industry and have been widely recognized by the industry.”
GAP8 was launched in February 2018 and has sold more than 300 development boards so far. GAP8 is enjoying a strong business cohesion and is carrying out a number of customer designs.
It is understood that these funds will also be used to complete the development of the second generation of GreenWaves products, which will enable intelligent battery-powered edge devices to achieve another quantitative and qualitative leap.
For this investment, Huang Wang, founder, chairman and CEO of Huami Technologies, said:“We are very happy to participate in the A round financing of GreenWaves. GAP8 and future products developed by GreenWaves can be regarded as benchmarks in IoT low power and high performance signal processing and machine learning algorithms, and have broad application prospects in the field of Internet of Things, including wearable devices. At the same time, the investment will strengthen the status and technical reserves of Huami Science and Technology in RISC-V ecosystem.”
“Soitec is proud to continue to support GreenWaves'unique solution for ultra-low power computing.”Soitec CEO Paul Boudre said.“GreenWaves”Chips are very suitable for AI and edge computing, and are innovating in a wide range of markets and applications. Our involvement in the development of GreenWaves is part of Soitec's long-term strategy to play a key role in providing solutions for the Internet of Things, artificial intelligence and mobile markets.”
GreenWaves Technologies was founded in 2014, headquartered in Grenoble, France. It is a wafer-free semiconductor start-up company and one of the earliest chip suppliers in RISC-V open source ecosystem. It is dedicated to the design of ultra-low power disruptive embedded solutions for image, sound and vibration AI operations in sensor devices, and to transform the market of intelligent sensors and IoT terminal devices.
Founded in 2013, Huami Technologies is a company with rich experience in biometric recognition and motion data-driven in the field of smart wear technology. It has a large number of biometric and motion databases for global users, providing comprehensive assessment and analysis services for users.
On February 8, 2018, Huami Technologies became the first listed company of millet eco-chain in the United States on the New York Stock Exchange.