Xiamen Advanced Manufacturing Industry Fund welcomes investment project
The Xiamen Software Park where the company is settling. [Photo/Xiamen Daily]
Sinpro Intelligent Technology (shanghai) Co Ltd, a leading domestic developer of 4D imaging radar perception solutions, recently announced the completion of its series B financing.
The round of financing was jointly led by Xiamen Advanced Manufacturing Industry Fund No 1 and the Haihe River Industry Fund. With the investment facilitating its establishment, Sinpro will settle in Xiamen where it will join the Xiamen Software Park Phase III.
Established in 2021, Sinpro is dedicated to the production and commercialization of automotive-grade 4D imaging radar perception solutions.
The company holds multiple core patents and independent intellectual property rights in the fields of intelligent manufacturing equipment, industrial robots, and automated production lines.
Its products and services are widely used in various high-tech industries in such areas as the automotive, 3C electronics, semiconductors, and new energy sectors.
The company has received three rounds of financing to date, with previous investors including Xiaomi Corporation and NIO Capital.
Sinpro is the first investment project of Xiamen Advanced Manufacturing Industry Fund No 1. The fund focuses on supporting the rapid development of advanced manufacturing industries in the Jimei district and the Xiamen Torch High-tech Zone, attracting high-quality science and technology innovation projects to settle there.
Why Xiamen
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Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.