Lenovo Capital and Incubator Group was among the investors as optics technology provider Yuguang nabbed series B-plus funding.
China-based optical technology producer Beijing Yuguang Science and Technology Development has received RMB100m ($14m) in a series B-plus round featuring consumer electronics provider Lenovo, DealStreetAsia has reported.
China Merchants Venture, a branch of state-owned asset manager China Merchants Group, led the round, which included Cathay Capital, while Lenovo took part through its Lenovo Capital and Incubator Group.
Yuguang provides diffractive optics and micro nano-optics technology for use in systems such as machine vision and 3D scanning, sensor and object recognition…
