Santa Clara, CA, May 3, 2021 – Aeonsemi, a leading provider of mixed-signal communications ICs, has completed its Series B investment round with a $25M investment led by IDG Capital and co-led by Susquehanna International Group (SIG). The round was oversubscribed with additional investors including Sequoia Capital and existing investor Walden International.
Aeonsemi will use the newly injected capital to ramp up the production of its Arcadium™ silicon oscillators, and accelerate the development of its ChronoPHY™ technology to enter into Broadband Access and In-vehicle Networking markets.
Driven in large part by global pandemic, the broadly adopted Work-From-Home (WFH) model has fueled a multi-year cycle of enterprise and business network infrastructure upgrades. Emerging applications such as real-time collaboration, immersive reality and augmented reality have raised the bar of network synchronization, latency, and reliability.
“Aeonsemi™ is uniquely positioned to capitalize on the trend with its ChronoPHY™ technology which is architected from ground up to address the challenges to modernize the network.” said Yunteng Huang, CEO of Aeonsemi. “We are extremely excited and grateful to have received the strong endorsement from IDG, SIG and Sequoia Capital. We look forward to releasing our products in the near future to revolutionize the data network at homes, enterprises and in the cars.”