On July 29, Axcel Technology, a specialized, advanced, distinctive, and innovative 'Little Giant' company—a term used in China to refer to small and medium-sized enterprises with strong growth potential and innovative capabilities—proudly announced the successful closure of its Series B+ funding round, amassing nearly 1 billion yuan. This significant investment round saw the participation of state-backed funds, industry-specific capital, financial investment entities, and local industrial funds. The infusion of capital will be strategically allocated towards the establishment of a comprehensive manufacturing, delivery, service, and support infrastructure, as well as to expedite the development of cutting-edge process, packaging, and scientific research instrumentation products. Notably, the cumulative shipments of Axcel Technology's wafer metrology equipment have now surpassed the 100-unit milestone.
