iView Completed Series B Funding Led by CMS Zhiyua
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HONG KONG, June 30, 2017 (GLOBE NEWSWIRE) -- iView Limited (hereinafter referred to as “iView”), a major global pico-projection engine provider, has recently completed its series B funding round valued at over RMB 100 million. CMS Zhiyuan Capital Co., Ltd. (hereinafter referred to as “CMS Zhiyuan Capital”), an investment platform of China Merchants Securities (CMS), was the lead investor during this round of funding.
Founded in 2006, iView is composed of a team of industrial veterans with solid backgrounds in the fields of display, optics and semiconductor, and material science. The company is committed to the research and development of optoelectronics and pico-projection, the commercialization of research and development results, as well as the consumer goods and application in industrial fields. iView has long excelled in the industry and its main clients include well-known providers of projectors, projector phones, and HUD for automotive.
CMS Zhiyuan Capital, the leading investor of this round, thinks highly of the broad prospects of the pico-projector industry and the vast development potential of iView. As one of the major providers of pico-projection core devices, iView ranks top in the industry for its technological strength and market share. While promoting the application of pico-projection in home entertainment, iView also focuses on further achieving high-definition and miniaturization of pico-projectors, launching “Projection +” by integrating with other fields, which include mobile electronics, automobile electronics and smart homes. Now, mature solutions are in place and international and domestic partnerships have been established.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f3a819ed-267e-40da-a358-73fbdf26f6fa
Funds raised from this round will be used primarily for research and development and for boosting industrial capacity, iView will continue to expand the new application scenarios of pico-projection technology in order to meet the corresponding demands. CMS Zhiyuan Capital will share resources, provide iView with comprehensive value-added services, utilize the full range of financial services of the CMS industry chain and foster an early entry into the domestic capital market for the company.
About iView Limited
Headquartered in Hong Kong, iView’s design and production center is located in Shenzhen, China. It is a leading optoelectronic pico-projection component supplier, providing multiple international brands with optoelectronic pico-projectors. The general product series include micro-components embedded in mobile devices, mobile phone driver parts and high-power components for home entertainment and office use. Apart from consumer electronics, products of iView have also been applied to industrial and medical purposes such as head-up display for cars, 3D scanner and printers and medical vein finders.
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