Won the highest financing amount in the NB-IoT field, and won the top orders from the two major operators. Why is the start-up Xinyi Information Technology?

A few days ago, Xinyi Information Technology (Shanghai) Co., Ltd., a well-known domestic IoT chip company, announced the completion of nearly 200 million A+ rounds of financing. It is understood that this financing is the largest single financing amount known so far in the NB-IoT field, which brings great imagination to accelerate the full implementation of domestic NB-IoT IoT chips and 5G technology.

In the field of chips, Shanghai is a city that can surprise people from time to time.

In the past “Golden Twenty Years of the Internet”, Shanghai chose to invest a lot of money in the semiconductor industry to support the development of chips in the Mainland. Today, in the blink of an eye in twenty years, a large number of outstanding semiconductor companies have been active in Shanghai, and they play a pivotal role in the mainland chip industry.

Data show that in 2018, China’s integrated circuit industry achieved sales of 653.2 billion yuan. Among them, the Shanghai integrated circuit industry accounts for one-fifth of the national total with sales of 145 billion yuan. In Shanghai’s strong “core making” atmosphere, a start-up company focusing on NB-IoT chips stands out from the star companies and has become a dark horse that has to be mentioned recently. It is Xinyi Information Technology (Shanghai) Co., Ltd. (hereinafter referred to as “Corewing Information Technology”).

It is reported that Xinyi Information Technology has recently received a total of nearly 200 million yuan in A+ round of financing, which is the largest single financing in the NB-IoT field. This round of financing was led by Heli Capital, followed by Huarui Capital and three old shareholders Fengrui Capital, Dongfang Jiafu and Septwolves. Zhiyuan Capital served as the exclusive financial advisor. The funds will be mainly used for product research and development, manufacturing and market development.

In addition, China Mobile Internet of Things Company, a subsidiary of China Mobile, recently launched the NB-IoT chip XY1100 procurement project, with a total of 2 million pieces, using a single-source centralized procurement method, and the supplier is Xinyi Information Technology. Coincidentally, in the bidding results of China Telecom’s NB-IoT module some time ago, the Gosuncn IoT NB-IoT module integrated with Xinyi Information Technology’s XY1100 chip became the first bid winner of the second target package, exclusively occupying China Telecom. Standard package two more than 30% share.

A start-up company that has been established for only three years has been able to obtain the largest amount of financing in the industry, and has also won the second leading order from the three major operators. The development momentum is not bad. We can’t help but ask, what kind of business is this?

Who is “Core Wing Information Technology”?

In March 2017, the semiconductor industry in Zhangjiang, Pudong, Shanghai welcomed a new member – Xinyi Information Technology. At that time, no one thought that this newborn calf could bring so much to the industry in such a short period of time. surprise!

As the founder of Xinyi Information Technology, Dr. Xiao Jianhong, who was the senior chief scientist of Broadcom, one of the top three chip design companies in the world, is beyond doubt. As early as the beginning of his business, Dr. Xiao Jianhong keenly discovered that the global integrated circuit center is moving to China. In addition, in the field of communications, China is also catching up all the way, from 1G blank, 2G catch-up, 3G breakthrough to 4G parallel, and will surpass 5G.

“If I don’t come back, then I will miss the golden development period of five to ten years in China, and I will be very sorry.” With this original intention, Xiao Jianhong resolutely decided to return to China and invest in the research and development of IoT chip related industries. As for the entrepreneurial direction, Xiao Jianhong believes that with the ultra-low-power SoC chip integrated with PA as the core, the chip ecology with different technical directions according to different applications will be the most viable.

Precisely adhering to this concept, Core Wing Information Technology successfully achieved the first tape-out in January 2018, just over half a year after its establishment; CMOS PA’s NB-IoT chip, XY1100, caused shocks in the industry.

Won the highest financing amount in the NB-IoT field, and won the top orders from the two major operators. Why is the start-up Xinyi Information Technology?

Xinyi Information Technology XY1100 Chip

Also based on this concept, Corewing Information Technology has a clear and focused goal to help it achieve rapid development and become the biggest dark horse in the field of IoT chips in the near future.

Counting down, there are many highlights of the development of Xinyi Information Technology in the past three years. In April 2017, only one month after the establishment of Xinyi Information Technology, it completed the angel round financing of Fengrui Capital, Zhongke Chuangxing, and Purdue Technology; in July 2017, Xinyi Information Technology once again obtained Gold Card Smart The pre-A round of strategic financing; then, it completed tens of millions of A round of financing in October 2018 in the so-called “capital winter”. The investors include Bangsheng Capital, Qianhai Fund of Funds, Septwolves, Dongfang Jiafu, Chenhui Ventures, etc.

Since the completion of the full mask tapeout in December 2018, Corewing Information Technology has been conducting large-scale network entry and warehousing certification since February 2019, and began to access customers after passing the certification. Today, almost all NB-IoT chip products of Xinyi Information Technology are self-developed and have first-class technical strength in China.

So, how did Corewing Information Technology achieve such a success? In the author’s opinion, it can be summarized into two main points: first, find the right direction; second, go deep and thorough.

Find the direction

As the saying goes, “men are afraid of entering the wrong industry”, but the same is true for starting a business. If there is a problem in the direction of choice, it will be a black hole. For Xinyi Information Technology, it is very wise to choose the solution based on the NB-IoT protocol as the entry point for its first-generation chip products.

As we all know, fragmentation is one of the inherent characteristics of the IoT market. So, in the IoT field with many industries and limited market segments, who can become the most mainstream communication method? At present, NB-IoT is the strongest competitor among them.

The data shows that by the end of February 2020, the number of NB-IoT connections of the three major domestic operators exceeded 100 million, and the number of connections of the three operators exceeded 10 million, of which two exceeded 40 million. This is a new milestone for the domestic IoT industry after the number of global NB-IoT connections exceeded 100 million at the end of January 2020.

It can be seen that, as the most important mission of the Internet of Things, NB-IoT has gained the upper hand in the connection market of the Internet of Everything in advance and has become one of the most important communication methods. There is a view that 60% of the future Internet of Things connections will require narrowband networks to provide services, and the vast majority of these markets will also choose NB-IoT.

Won the highest financing amount in the NB-IoT field, and won the top orders from the two major operators. Why is the start-up Xinyi Information Technology?

In addition, the General Office of the Ministry of Industry and Information Technology also officially released the “Notice on Further Promoting the Comprehensive Development of the Mobile Internet of Things”, which is the first document in 2020 specifically for the Internet of Things. The “Notice” also clearly stated in the development goals to “establish a comprehensive ecosystem of mobile Internet of Things with the coordinated development of NB-IoT, 4G (including LTE-Cat1) and 5G”; The urban area is generally covered, and the key areas are deeply covered; a batch of NB-IoT application benchmarking projects and NB-IoT million-level connection scale application scenarios are created.

It can be seen that as early as 2017, the “first year of commercial use of NB-IoT”, Corewing Information Technology had an extremely keen insight into the market.

four aces

Choosing the right direction is only the first step. If you want to succeed, it is more important to have a fist-level product. In this regard, Xinyi Information Technology is even better.

The industry pain points of NB-IoT mainly include fragmentation, high power consumption and high cost. At present, the first chip product of Xinyi Information Technology has four advantages to directly attack these pain points, which can be called Xinyi Information Technology products. 4 aces. .

First, the integration is super high. Xinyi Information Technology’s XY1100 chip is the world’s first NB-IoT chip with integrated RF PA. By integrating CMOS PA, RF transceiver, power management, baseband, microprocessor, etc., the cost and development complexity of the module are greatly reduced. At the same time, it provides a very small size, which is especially helpful for applications such as wearables.

Second, ultra-low power consumption. For an NB-IoT chip, most of the time is in the sleep state, and only a small amount of time is working, so the sleep current determines the power consumption of the entire terminal application life cycle. Core Wing Information Technology’s XY1100 chip can achieve a current of 0.7 microamps in deep sleep state (PSM) and receiver state, which is only 1/3 of commercial mainstream products, so it has longer battery life and terminal life cycle.

Again, great flexibility. The XY1100 chip of Xinyi Information Technology adopts the software-defined radio (SDR) architecture, which can flexibly support the optimization of the physical layer receiver algorithm, and can meet the standard upgrade and fragmented IoT private network communication requirements. In addition, the chip also integrates a variety of peripheral interfaces, such as UART, I2C, SPI, uSim and GPIO.

In addition, the cost is extremely low. Xinyi Information Technology is the first company to propose NB-IoT single-chip integrated RF PA and achieve commercial mass production. This innovation greatly reduces the development cost of downstream module manufacturers; at the same time, Xinyi Information Technology reduces the number of peripheral devices to 30 Within the material (only need to configure RF Switch, Xtal and resistance-capacitance sense), the most streamlined peripheral BOM solution is realized; moreover, Xinyi Information Technology is the only NB-IoT chip in the industry that adopts QFN packaging method, which further reduces the chip cost.

Although it is famous for its NB-IoT products, Xinyi Information Technology believes that IoT communication technologies should be diversified, not just NB-IoT. Due to the difference in consumer demand and the interests of all parties, there must be other communication protocols.

Therefore, in addition to the NB-IoT communication module, Xinyi Information Technology believes that the future IoT terminal SOC also needs sensors, main control low-power MCUs and security encryption chips. If it can provide equipment manufacturers with a lower cost and lower power consumption integration solution, so that it can further enjoy the dividends brought by technology, and promote it to end customers more smoothly, this is the core value other than communication. Therefore, Xinyi Information Technology has already planned for the present and the future.

deep cut

The significance of the Internet of Things is not only to realize the interaction of things with communication technology, but also to process and utilize the data on the side of the Internet of Things after collecting, so as to tap deeper value. However, in the fragmented market of the Internet of Things, how to truly maximize the utilization of data processing has also put forward higher demands on chip suppliers.

Xinyi Information Technology believes that only by grasping the pain points for different subdivision application scenarios and combining products with various vertical industries and subdivisions can it truly help these traditional industries to upgrade intelligently. At present, Xinyi Information Technology believes that smart meters, smart smoke detectors, asset tracking and other fields may be the first to make breakthroughs.

As we all know, industries such as smart meters are one of the most important markets for NB-IoT at this stage, and it is inevitable for them to take the lead in the development of NB-IoT chips. The current NB-IoT chips are still mainly general-purpose products, and there are still many problems that have not been solved. Xinyi Information Technology believes that only by going deeper into the industry in the future and combining general-purpose products with MCU and edge computing according to the needs of the industry, can it bring greater value to the industry.

Of course, product leadership will inevitably diminish over time. However, the main advantage of a company or team depends on its capabilities and accumulation. In the future, Xinyi Information Technology will adhere to market demand as the guide, take core technology innovation as a breakthrough, carry out in-depth strategic cooperation with leading companies in various market segments, and insist on providing competitive chip solutions for industry market segments.

Different from the Internet, the development of the Internet of Things needs to be implemented after all. Therefore, this process may not bring impact as quickly as the Internet once, but the experience it brings will also be more tangible. There is no doubt that the development of the Internet of Things will continue to change rapidly, and we are already in the wave of the times.

The Links:   LM151X2-C2TH KCB104VG2BA-A01