Gongwang Sensor Completes Pre-A Round Financing of Tens of Millions of RMB

Recently, Wuxi Gongwang Sensing Technology Co., Ltd. (Gongwang Sensing) successfully completed a Pre-A round of financing of tens of millions of RMB. This round of financing was jointly invested by SMIC Juyuan, Honghui Fund, Shanghai Electronics Technology Fund and Chengdu SBI Fund, and the old shareholder Sequoia China also made additional investments. This round of funds will mainly be used to strengthen the research and development of inductive position sensors, improve manufacturing capabilities and expand the market scale.