On February 24, 2021, Akrostar, a leading chip IP company, announced the completion of two rounds of financing of over 400 million yuan. The Pre-A round was co-invested by V Fund, GL Ventures, Sequoia Capital China and GAORONG Capital, with participation from Green Pine Capital Partners, 5Y Capital (formerly Chenxing Capital), PANORAMA Capital and Da HengQin Group. The angel round shareholders, Zhen Fund and DaShu ChangQing, over-invested this round. The fund will be used to attract cutting-edge technology talents from home and abroad, enhance product delivery capabilities, deepen functionality and upgrade chip eco-connectivity. At the same time, Akrostar will further invest in its service system.

V Fund × Akrostar

Ms. Xiong Yanpin, Co-Founder of V Fund, said, "Chip IP is the source of hard technology innovation and occupies an indispensable position in the semiconductor industry. Akrostar team has quickly transformmed its years of accumulated experience into a clear R&D direction. Through source technology innovation, Akrostar is making chip design easier, helping to enhance the development of China's chip industry and welcome the arrival of the digital era."

"The development of domestic IP has been hovering in mature processes, failing to penetrate into the field of advanced processes, and advanced process IP products have a broad space. As an IP newcomer to China's chip industry, Akrostar sees its responsibility and opportunity to create advanced process chip IP products through source technology innovation, empowering the industry with new technologies and continuously driving the transformation and development of the digital economy." Mr. Zeng Keqiang, Chairman and CEO of Akrostar, said, "I am delighted to meet so many new like-minded partners at this stage to work together with Akrostar to promote the efficient and innovative development of the industry and make the Chinese chip industry shine brightly!"

Chip IP technology is a key root for improving chip innovation.

Chip IP is the basic building block of large-scale digital chips and is a core component of chip design. As the complexity of chip designs has increased, this technology has begun to scale and become commercially available. Today, chip designs can include billions of interconnected transistors and other electronic components, including a large number of reusable core IPs, which can be licensed from third parties and incorporated into designs to significantly reduce development costs and speed time to market, making it an important part of the IC industry chain.

Advanced process IP that snaps China's high-tech development.

The digital society has created diverse chip usage scenarios and China's chip design industry is expected to grow at a compound annual growth rate of over 20%, reaching nearly 900 billion yuan by 2025. Such a huge market demand places higher requirements on the innovation efficiency of chip design companies. Moreover, chip design and manufacturing processes are accelerating towards advanced processes, with advanced processes of 14nm and below gradually becoming the design mainstream.

The market calls for advanced process IP technology and complete IP solutions to support higher and faster chip innovation. However, due to various high technology barriers, the development of domestic IP technology has been hovering in the mature process and has not been able to penetrate into the field of advanced process, only to rely on foreign technology, becoming a "block" in the development of high-tech links.

Akrostar——The industry's "dream team" for advanced process IP development and services.

Akrostar, which means to shine the dazzling light of China chips, has quickly assembled a group of aspiring top international chip talents since its establishment in June 2020, and is committed to independently developing advanced process chip IP products and solutions. It provides industry-excellent IP technology and support to serve various important areas of the digital society, including data centers, smart cars, high performance computing, 5G, IoT, artificial intelligence and consumer electronics.

Leveraging on the deep accumulation of this “dream team”, Akrostar has quickly defined its product development strategy and market strategy: with its existing industry advanced & reliable IP technology and products, it has rapidly established its own partnership ecosystem with upgraded technology services to connect applications, chip design and manufacturing. This ecosystem also provides a positive cycle of market demand and product development, accelerating Akrostar 's development of advanced IP.

Recognized from the very beginning

With a "dream team" that is unrivalled in the industry, deep technology accumulation and a clear market development strategy, Akrostar has been recognized by the market since its inception, winning the Grand Prize in the Hengqin Science and Technology Innovation Competition and a 100 million yuan prize to fund the company's research and development, as well as the "China Semiconductor Investment Alliance's China IC List Most Promising Company" award. 

About Akrostar

Akrostar is a high-tech company that dedicates to advanced semiconductor IP R&D and services and empowering chip design and system applications. It fully enables chip design by the independent research and development of advanced process chip IP products in response to China's growing needs of chip and application. With its unique values and advantages, such as high stability, strong compatibility, cross-process, and portability of its IP products, Akrostar serves all important fields of the digital society, including data centers, smart cars, high-performance computing, 5G, Internet of Things, Artificial Intelligence, consumer electronics, etc.