Millimeter-wave sensor chip supplier Possumic Technology closes Series A funding round

Beijing (Gasgoo)- On December 2, Possumic Technology, a Chinese millimeter-wave sensor chip developer, announced the successful completion of its Series A funding round, which raised for the company nearly 100 million yuan.

Photo credit: Possumic Technology

This milestone follows its angel round in 2022, which secured tens of millions of yuan, marking a significant step forward in the millimeter-wave intelligent sensor industry.  

With the new funding, Possumic plans to accelerate product development and expand its customer base, further strengthening its market presence in the millimeter-wave intelligent sensing chip sector. The company has already secured dozens of invention patents and has mass-produced several millimeter-wave sensor chips widely applied in AIOT fields such as smart homes, industrial automation, eldercare solutions, smart vehicles, and security systems.  

As a national high-tech enterprise, Possumic specializes in sensing and connectivity technologies and offers cutting-edge millimeter-wave sensor chips and integrated solutions to enable smarter AIOT products. The company leverages expertise in system hardware, antenna design, anti-interference engineering, and intelligent sensing algorithms.