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Nearly three-year-old startup Zhuhai Eeasy Technology has completed a round of Pre-A Series funding en route to becoming a leader in AI video security, automotive electronics, and intelligent hardware.
Like other startups receiving funds from Intel Corporation, Zhuhai Eeasy Tech creates unique, forward-thinking, and disruptive solutions. The artificial intelligence (AI) system-on-chip (SoC) design house supports acceleration, image and graphic processing, video encoding and decoding.
It was founded in the Zhuhai Hi-Tech Industrial Development Zone (Tangjiawan) in July 2016. Eeasy Tech has since become a national High & New-Technology Enterprise enrolled on Zhuhai's authoritative list for future unicorns still in seed stage. The company launched its first AI SoC in 2017 and mass production is scheduled later this year.
SoC design [Photo courtesy eeasytech.com]
With offices in Beijing and Shenzhen, Eeasy Tech has more than 100 employees including a core with SoC chip mass production experience and a seasoned R&D team. They apply scenario-based intellectual property (IP) design concepts and are renowned for industry-leading Performance-Power-Area indexing for independently developed IP.
Wang Tianlin, head of Intel Capital China, will become a board member of Eeasy Tech. Wang said the startup's development trajectory aligns with Intel’s strategy to uplift AI technology innovation and seek application breakthroughs. Eeasy Tech's strengths in SoC design and R&D, combined with its embedded software system and core algorithm can help Intel shape the future of AI applications, Wang said.
Northern Light Venture Capital and Delta Capital, the previous angel investors in Eeasy Tech, participated in the Pre-A Series funding round.
As the global investment division of Intel Corp, Intel Capital of Santa Clara, California puts $300 million to $500 million a year into a range of emerging technology firms. It recently invested $117 million in 14 startups from China, Canada, Israel, the United Kingdom, and the United States.