Yitai Microelectronics Completes Pre-A++ Round of Financing to Accelerate the Development of In-Vehicle Ethernet Technology

Recently, Yitai Microelectronics, which focuses on a full set of solutions for in-vehicle Ethernet chips, announced the successful completion of its Pre-A++ round of financing, led by Cornerstone Ventures. This round of financing was only two months after the previous round, bringing the company's Pre-A round of financing to hundreds of millions of yuan. This round of funds will be mainly used for product research and development. Yitai Microelectronics was founded in 2022. Its team has more than 20 years of experience in the field of Ethernet chips and has successfully launched a complete set of automotive-grade TSN Ethernet chips to meet all application scenarios of in-vehicle Ethernet. At present, in-vehicle Ethernet technology has been widely used in entertainment systems, intelligent driving systems, and gateway systems, gradually replacing CAN as the core of the vehicle backbone network.