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Chinese computing solutions major Iluvatar CoreX bags $186m led by Cedarlake, Centurium Capital

Chinese computing solutions major Iluvatar CoreX bags $186m led by Cedarlake, Centurium Capital
Source: Iluvatar CoreX
March 1, 2021
Iluvatar CoreX, a high-performance computing solutions provider in China, has garnered 1.2 billion yuan ($185.6 million) in a Series C round of financing jointly led by global investment firm Cedarlake Capital and Chinese private equity (PE) major Centurium Capital.
Gortune Investment, a privately-run investment platform in southern China’s Guangzhou City, and China Unicom Capital, affiliated with state-owned telecom operator China Unicom also participated in the deal, the startup announced in a statement on Monday.
With the new investment, Iluvatar CoreX has joined a string of domestic startups in the semiconductor field to receive capital from PE-VC investors. Players in the sector are gaining more traction in China the world’s largest importer of semiconductor products following Beijing’s efforts to achieve self-reli ....

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China Digest: 5G chipmaker Cygnus nets $62m; contact lenses brand moody closes $59m

China Digest: 5G chipmaker Cygnus nets $62m; contact lenses brand moody closes $59m
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