[strongest] Le Xin Completes C Round Of Financing, Intel And Core Dynamic Energy.

Set micro net news, the leader in the field of Internet of things, LOXin information technology (Shanghai) Co., Ltd. (hereinafter referred to as "Le Xin") announced the completion of the C round of financing. The joint venture of Intel investment and the investment fund of the core kinetic energy investment fund is another major move after winning the B round financing of the compound Star Group in September 2016, and has become a new milestone for the development of the company.

Lok Xin founder and CEO Zhang Ruian (left 1) and other invested enterprises CEO

Lok Hsin is a global fabless semiconductor company dedicated to developing low-cost, high-performance solutions for the Internet of things (IoT) industry. Since its founding in 2008, Le Xin has ploughed and sought innovation in the field of wireless computing technology, developed a variety of high-performance, high integration, cost-effective wireless communications products, and became one of the most influential solutions provider in the global Internet of things industry.
In 2014 and 2016, Le Xin launched its core products: ESP8266 chip and ESP32 chip, which became the industry's first Wi-Fi + dual mode Bluetooth /BLE + Dual Core 32 bit microcontroller (MCU) multi - one system chip (SoC). In 2016, Le Xin was named "cool supplier" in IoT field by Gartner. In the 2017 Wireless Connectivity Market Analysis report issued by Techno Systems Research (TSR), Le Xin ranked first in the global market for MCU embedded Wi-Fi. By the end of December 2017, Yue Xin's IOT chip had exceeded 100 million shipments.

The success of this financing is of great significance for Le Xin to continue to enhance its R & D strength and expand its market influence.

Lok Xin founder and CEO Zhang Ruian investing in Intel Global Summit

Le Xin founder and CEO Zhang Ruian: "after 10 years of development, Le Xin, relying on independent innovation, developed a variety of Internet of things wireless communication products and solutions, become one of the world's leading provider of Internet of things solutions. The joint investment of Intel investment and core energy investment fund will make the development of the company more powerful. Lok Hsin's products are entering thousands of households. We look forward to providing Lok Xin's core for more smart home appliances worldwide.

Lin Lizhong, vice president of Intel investment and managing director of the Asia Pacific and European region, "Intel investment is committed to promoting innovation of data driven technology to support the upgrading of China's technology industry. LOXin has the ability to independently develop and produce excellent wireless communication products. We look forward to working with Lok Xin to work together to build a new era of intelligent Internet data, together with Nuggets data.

Wang Jiaheng, managing director of core kinetic energy fund, "Le Xin, as the leading enterprise of the Internet of things chips, relies on independent innovation and long-term persistence to gain the competitive advantage in the field of embedded Wi-Fi. The company has always started from the user needs and product experience to improve its product user testing and cost-effective, and provide the customers with succinct. The easy to use integrated solution of the Internet of things. Through this capital cooperation, the core kinetic energy uses its deep advantage in the semiconductor industry chain to help Le Xin seize the golden period of the development of China's semiconductor industry, further optimize its strategy and operational capability, promote its rapid growth and achieve a win-win situation.