Chinese chip developer Sitrus raises $28m

It follows a Series C of several hundreds of millions of renminbi earlier this year from a group of local investors reportedly including Xinchao Group, DingXin Capital, and Lanshi Investment.

Founded in 2017, Sitrus focuses on digital signal processing (DSP) chips that allow devices to work efficiently and use less power. It aims to offer a domestic substitution for the DSP chip segment, which has historically been dominated by overseas suppliers.

The company claims that its products – for which it owns all intellectual property rights – can be used in areas such as high-speed data transmissions, communications, optical networks, and cloud computing. The offering includes customized products, according to a statement.

Sitrus has identified data centres as a key use-case for DSP chips as the advent of generative artificial intelligence prompts improvements in data storage and server computing capabilities. Several product models are said to have passed verification processes with module manufacturers and completed batch shipments.

"As a crucial component in optical communication, DSP poses significant research and development challenges. It requires extensive industry experience, continuous support, and refinement from downstream customers. Sitrus will continue to lead industry innovation and promote the realization of an independent and controllable industrial chain in the future," Henglu Assets said.

Winsoul Capital was the exclusive financial advisor of the round.

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• Topics
• Greater China
• Expansion
• Industrials
• Technology
• China
• semiconductor
• artificial intelligence