The direct-invested enterprise of Nanjing Innovation Investment Group, Fulate, has completed a Pre-A round of financing worth tens of millions of yuan.

Recently, Jiangsu Fulate Automation Equipment Co., Ltd. (hereinafter referred to as "Fulate"), a direct-invested enterprise of Nanjing Innovation Investment Group, officially announced the completion of a Pre-A round of financing worth tens of millions of yuan. This round of financing was jointly invested by Nanjing Innovation Investment Group, Xingang High-Tech Investment, and Oriental Industrial Finance.

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Since its establishment in 2011, Fulate has been deeply focused on the field of high-end equipment for wet processing. After 14 years of dedicated development, it has accumulated achievements including "8 domestically pioneering technologies, 3 exclusive domestic technologies, and 3 globally pioneering technologies in the industry". It has become a core force that breaks the technological monopoly of Japan and South Korea and promotes the independent and controllable development of the industrial chain. Today, Fulate's "one-stop" services have stood out in the industry: its single-wafer wet processing equipment has reached a specification of 19nm, attaining a leading domestic technological level; its chemical concentration detectors are widely used; and it has become one of the rare suppliers integrating software and hardware.

Hu Yong, General Manager of the 5th Investment Department of Nanjing Innovation Investment Group, stated: "Fulate has not only achieved technological breakthroughs but also built a complete ecological chain covering equipment R&D, production, and after-sales services, which is exactly what we value." After the completion of this Pre-A round of financing, Fulate plans to rename itself "Jiangsu Fulate Semiconductor Equipment Co., Ltd.". In the future, Fulate will focus on deploying in four key directions: first, concentrating on high-end semiconductor wet processing equipment and developing core equipment for the next-generation new semiconductor display technology; second, expanding production bases to enhance large-scale delivery capabilities; third, deepening strategic cooperation with leading enterprises such as BOE and CSOT; fourth, jointly establishing an innovation consortium with Nanjing University and Southeast University to form a closed loop of "technological R&D - pilot test - industrialization".

Source: 5th Investment Department

Review by Zhong Hao: Xue Yao

Publisher: You Yi