On September 22, Xuhai Optoelectronics, a medium and high-end optical device provider based on the micro optics hybrid integration platform, completed a round of financing of tens of millions of RMB. This round of financing was invested by Tongke Shenghua Fund and Xuzhou Science and Innovation Venture Capital Fund. Staring Capital, as an exclusive financial consultant, provided financing services. It is understood that this round of financing will be used for product development, market expansion and team expansion of high-end devices. Previously, Xuhai Optoelectronics had obtained equity investment from Huashan Investment, Jingfu Assets, Hanwei Technology and other institutions.
Xuhai Optoelectronics, founded in 2013 and headquartered in Xuzhou, Jiangsu Province, is committed to providing laser sensing customers with a complete set of devices and module solutions for detection based on spectral analysis. According to Chairman Chen Liang, Xuhai Optoelectronics has provided products and services to more than 80 customers, mainly focusing on safety, environmental protection and industrial control. In the future, Xuhai Optoelectronics will continue to focus on the field of optical sensing, and gradually expand from gas detection to water, food, drugs, explosives detection and other fields. In addition, Xuhai Optoelectronics has a research and development center in Shenzhen.
In terms of the team, the main technical and management personnel of Xuhai Optoelectronics are from Huawei, Infinira, Lumentum and other industry giants. The core engineers have more than 15 years of work experience in the optoelectronic industry. CEO Chen Liang, who graduated from Peking University and Hong Kong University of Science and Technology, was once responsible for global optical device procurement in Huawei; Dr. Chen Bo, co-founder and CTO, graduated from Fudan University and Sichuan University, and was once the chief optical device expert of Huawei.
In terms of products, it is reported that Xuhai Optoelectronics is the only company in China that provides a complete set of devices and module solutions in the field of spectral analysis, covering laser, ultraviolet, infrared and mid far infrared technologies. At present, Xuhai Optoelectronics has polished mature laser series, optical cell series and photodetector series, and formed corresponding components and modules. Xuhai Optoelectronics has mastered the core technology and patents of the world's leading ultra small optical cell, and its technology level has been ahead of the industry for several years.
Benefiting from the policies of various countries, the global sensor industry market is growing rapidly, reaching 226.5 billion dollars in 2019. In recent years, with the promotion of China's policies in carbon neutralization, air pollution control, industrial transformation and upgrading, the Internet of Things and artificial intelligence, the development of the gas sensor industry has also ushered in a good market environment. The market space has steadily expanded, forming a market demand of hundreds of billions of yuan. At present, the laser sensing core technology is still in the hands of the United States, Japan, Germany and other countries, and the domestic production rate is less than 1%. The domestic substitution has great strategic significance and market demand.
In terms of technology, Xuhai Optoelectronics overcame the core technical difficulties of laser sensing and realized the domestic substitution in the field of laser sensing. At the same time, Xuhai Optoelectronics is continuing to make breakthroughs in the field of infrared Fourier spectrum detection, which is the most advanced development direction in the industry.
Wang Dexing, the chairman of Tongke Shenghua Fund, the investor of this round, said, "The technology threshold in the field of photoelectric sensing is high, and the certification cycle is long. Xuhai has taken the lead in achieving domestic substitution through advanced technology layout, and has guaranteed the industry leadership through strict process control processes. We are very optimistic about the company's future."
Source: Xuhai Optoelectronics
