News Snapshot:
In last week’s VC news, several prominent chip makers raised considerable funds, toy robot maker Robosen bagged nearly $100 million and more. Bonray Rakes in Millions in Series D Financing Xi’An Bonray Integrated Information Electronics Co., Ltd. (Bonray), announced that it had completed a round D financing totaling several hundred million yuan. This round was jointly completed by many new shareholders including Shenzhen Guozhong Venture Capital Management, Shenzhen Capital Group and Hunan HI-Tech Venture Capital, along with several previous shareholders. According to Bonray, the funds will be used for the R&D of core technologies, high-end talent recruitment, market expansion and...
