WINGCOMM Innovation Technology Nantong Co. (hereinafter referred to as "WINGCOMM"), a leading company in high-speed optical communication chips in China, announced the completion of its B financing round. In addition to V Fund, Matrix Partners China, Vision Knight Capital, Shenzhen Capital Group, Broad Vision Funds, Unicom and CCIG, Allin Capital, Nanjing Jucheng Capital, HG TECH(000988), GF Suzhou and other well-known investment institutions and industrial capital participated in this financing round.

WINGCOMM Innovation

WINGCOMM and its wholly owned subsidiaries (WINGCOMM Communication Technology Nantong Co., Ltd, WINGCOMM Microelectronics Technology Nantong Co., Ltd and WINGCOMM Microelectronics Technology Suzhou Co.) is founded by three PhD graduates from Stanford, Berkeley and Tsinghua University. The company’s core technology is 25G/100G/400G high-speed optoelectronic integrated circuits and integrated optical circuits, including core analogue and mixed-signal circuits such as laser drivers, transconductance amplifiers and clock data restorers, with fully independent intellectual property rights. The company has complete software and hardware development and mass production testing capabilities for high-speed optical transceiver systems and can provide customers with a complete set of optical transceiver solutions, and is currently the only local enterprise in China that has the capacity to mass produce 25G/100G high-speed optical interconnect and optical transmission chips. It has achieved large-scale commercialization, breaking the long-term monopoly of foreign enterprises in this field and accelerating the large-scale commercial application of 25G/100G optical communication technology in China. 

WINGCOMM VIEW

Dr. Bai Yun, co-founder and general manager of WINGCOMM, said, "WINGCOMM’s current financing round will strengthen the capital foundation for the company's subsequent development. In the future, the company will be more active in connecting with mainstream business partners, attracting the best R&D management talents from around the world, and increasing its investment in new 400G technologies and products. The company will continue to consolidate its leading position in the field of domestic high-speed optical communication chips, and strive to develop new technologies and products. WINGCOMM will always uphold the concept of truthfulness and innovation, cooperation and win-win situation and continue to increase investment in scientific research to provide innovative products and high quality services to customers.

V FUND VIEW

Zhu Feng, Partner of V Fund, said “Optical communications market sees steady growth alongside 5G and data centers. As the leader of domestic optical communication high-speed optoelectronic IC chip, its core 25G/100G chip has been recognized by a number of mainstream customers and batch shipments, follow-up product roadmap and strategic planning is clear and has achieved good results. We expect the company to continue enriching the product line, increase investment in research and development, to build the platform of domestic high-speed optical communication electrical chip leading enterprise.”