Machine Vision Chip Firm AlpsenTek Secures Nearly $30M in A-Round Funding
AlpsenTek announced on Monday that it has completed round-A financing worth nearly 200 million yuan ($30.1 million) at the beginning of this year. Xunxing Investment (a company under OPPO) and Cowin Capital jointly led the funding, and ArcSoft, Sunny Optical Technology Industrial Fund, Glory Ventures, Shenzhen Angel FOF, Lenovo Capital and Incubator Group and Zero2IPO Group are co-investors.
Founded in 2019, AlpsenTek is mainly engaged in the R&D of vision sensor chips and provides integrated intelligent vision solutions based on processors. Company founder Deng Jian said that funds from this round of financing will be used for research and implementation in the IoT field and product R&D.
Compared with traditional contact image sensor (CIS) and event-based vision sensor (EVS), an innovative pixel structure design is adopted by AlpsenTek. In September 2021, it launched Hybrid Vision fusion sensor chip, ALPIX-Pilates. While continuing the image function, it helps machines and equipment to “see” better and smarter, and helps IoT, mobile phones, security equipment and automobiles to reduce system costs.
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Deng Jian unveiled that the company plans to realize small-batch production of two converged vision chips by the end of 2022, aiming at high-end imaging and IoT fields on mobile devices. It will also expand external services through IP licensing and providing vision solutions.
Kuang Shan, COO of AlpsenTek, revealed that the firm’s R&D teams in Shenzhen, Zurich, Beijing and Nanjing will exceed 100 in 2022. The new products for high-end imaging terminals will soon be released.
In July 2021, AlpsenTek received nearly 100 million yuan in a pre-A round of financing, which was jointly led by Hikvision and Glory Ventures. iFlyTech Venture Capital, Sunny Optical Central Research Institute, Allwinner Technology, Fargo Capital and Cowin Capital followed as co-investors. The company’s existing shareholders Lenovo Capital and Incubator Group and Casstar continued to increase their investment.
