Corestar is a fabless semiconductor company specializing in the development and design of CMOS image sensors and system-on-chips. Recently announced the successful completion of nearly 300 million yuan C2 round of financing. This financing was jointly led by Yitang Changhou Fund and Galaxy Capital, followed by several institutions such as Wuxi Lianthai Investment and Jiu Zhao Investment. The original shareholder Zhang Jiang Haoheng continued to invest additionally. This financing is another successful financing of Corestar after the C1 round of financing in 2020, and it is also the largest round of financing in the CIS industry in recent times. Du Zheng, founder and CEO of Corestar, said that the raised funds will be mainly used for R&D team expansion, new product R&D investment, new production capacity, and customer expansion.
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