This Shanghai company, which has raised over 600 million yuan in financing, is heading towards the C+ round!

As the world becomes increasingly intelligent, the semiconductor industry undoubtedly plays a vital strategic role. With the extension and upgrading of the industrial chain and facing a complex and changing international situation, the controllability of semiconductor core technology has risen to the level of national strategy.

Recently, Shanghai Saimet Software Technology Co., Ltd. (hereinafter referred to as Saimet) announced the completion of its C+ round of financing. It is reported that this round of financing was led by Ceyuan Capital, and the specific amount of financing has not yet been announced.

Focus on semiconductor intelligent manufacturing

Founded in Minhang, Shanghai in 2017, SinoMet is a high-tech enterprise focusing on domestic semiconductor intelligent manufacturing. After five years of development, it has grown into a company with more than 500 application production lines and more than 800 employees, of which 80% are technical R&D personnel.

Relying on strong technical accumulation, Saimet has successfully created an independent and controllable semiconductor intelligent manufacturing CIM system, filling the gap in this field in China. It is also the domestic system software provider with the largest number of technical personnel, the most complete product line, and the most abundant 12-inch production line cases among domestic semiconductor CIM manufacturers.

At present, Saimet's CIM solutions have been widely verified in many 12-inch wafer fabs, helping customers achieve transformation and upgrading with high process, high cost and high yield.

In terms of business structure, based on the Shanghai headquarters, Sinomet has established subsidiaries in Suzhou, Shenzhen, Beijing, Chengdu, etc., and is not only committed to expanding the scale of customers in the semiconductor industry, but also covers photovoltaics, automobiles, rail transportation, medical treatment and other vertical fields, forming a broad business layout.

At present, the number of customers has exceeded 200, covering 22 cities across the country, and overseas markets have also extended to countries such as Singapore, Malaysia, and the Philippines. This multi-point business strategy has provided Saimet with stable cash flow support and brought sustainable growth momentum.

At present, Sinomet has completed 6 rounds of financing, with a disclosed financing amount of over 650 million yuan. The shareholder lineup is also very luxurious. In addition to well-known VCs such as Matrix Partners, Hillhouse Capital, and Shenzhen Capital Group, BYD also bet on it in the B round, and it has also received support from government funds such as the Shanghai Science and Technology Innovation Fund and the Shanghai Free Trade Zone Fund.

Judging from its financing history, the company has a good development momentum and has been widely recognized by the capital market. The large amount of financing from Duobi is sufficient to prove the company's product strength and market potential.

According to the filing announcement, the company has signed a listing guidance agreement with Haitong Securities in December 2023 to start the listing preparation process. The company will also complete the application acceptance of the guidance work from March to May 2024 to prepare for the IPO application.

Last words

In the new round of scientific and technological revolution and industrial transformation, mastering core technologies and achieving independent control has become an issue of the times that every company must answer, including the semiconductor industry.

Over the past period of time, with the support of national policies, domestic substitution has been fully rolled out in the semiconductor industry chain, and a series of independent innovation results have emerged intensively from electronic design, equipment manufacturing to material application. Domestic software brands represented by Symtech are shouldering the responsibility of strengthening the "national core" industry chain.

In the future, Saimet will actively introduce big data and AI technologies while supporting high-end processes, fully automated production and ultra-large-scale production capacity, to help more companies improve quality and efficiency, and help the industrial chain achieve safety, autonomy and control.