The Lam Research-backed storage chip developer has raised about $100m in a round led by another earlier investor, Shanghai Lianhe Investment.
China-based, storage-focused chipmaker Innostar backed by semiconductor technology producer Lam Research, secured about $100m in pre-series A funding on Tuesday, DealStreetAsia reported, citing a WeChat post.
Venture capital firm Shanghai Lianhe Investment led the round, which also featured investment fund New Alliance, Atlas Capital and KQ Capital.
Innostar provides semiconductor technology that supports storage for software applications and smart systems in areas such as 5G networking, cloud computing, artificial intelligence and the internet of things.
Xiang Zhang, founder and CEO…
