Semiconductor Storage Firm DERA Secures Nearly $157 Million in Round C Financing

DERA Technology Co., Ltd., an R&D company dedicated to the development of semiconductor storage, recently completed its C-round financing worth nearly 1 billion yuan ($157 million).

This financing was jointly led by Phase II Fund of China Reform Fund and CICC’s Chuanhe Fund, followed by Unicom CICC, Hongta Venture Capital, CITIC New Future Investment, Shenzhen Capital and Yihua Capital. In addition, old shareholders such as Xianfeng Venture Capital and Yunhang Capital also joined in.

This is the second financing obtained by DERA this year. The firm was established in 2015, with its headquarters in Beijing, and R&D centers and customer technical support centers in Shanghai, Wuhan and Shenzhen.

As the pioneer in the R&D of enterprise SSD controllers in China, DERA has created a complete link from the design, manufacturing, packaging, testing, module manufacturing to marketing and service to provide safe and reliable high-performance storage products for enterprises’ data centers, cloud computing platforms and other fields.

At present, DERA is deeply involved in two major markets, namely, leading domestic internet companies, and customers in finance, energy and other industries.

For leading domestic internet companies, DERA’s advantage lies in making full use of regional convenience to provide more timely technical support services, and developing customized services. DERA has received orders from major domestic cloud computing players such as Alibaba Cloud, Tencent Cloud, Baidu AI Cloud and Qing Cloud.

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Tong Xuanzi, head of CICC’s Chuanhe Fund, said: “Memory chips is one of the most important battlefields of chip semiconductor makers. Among them, the enterprise SSD market shows a trend of high value, high threshold and high growth. DERA has been deeply involved in the semiconductor storage industry for many years, and is one of the few enterprise SSD manufacturers in China that has achieved self-research and mass production.”