CAS Star

Founded in 2013, CAS Star is a venture capital firm based in Xi'an with an additional office in Beijing. It invests in and supports early-stage companies across various high-tech industries including optoelectronics, AI, biotechnology, aerospace, smart manufacturing, information technology, energy, oncology, advanced manufacturing, SaaS, and space technology.

Mi Lei

Founding Partner

Past deals in Electronics

Kaifu Optoelectronics

Seed Round in 2025
Kaifu Optoelectronics is an innovative enterprise engaged in mass production of core equipment for efficient and stable perovskite solar cells.

Kingkong.tech

Seed Round in 2025
Kingkong.tech is a Chinese company specializing in the research and development of magnetic encoders, particularly for robotics applications. Their product lineup includes high-resolution encoders such as the MBS, MPT, and DPT series, offering resolutions up to 24 bits and angular accuracies as precise.

Nine Dimension Photonics

Angel Round in 2025
Nine Dimension Photonics is an integrated circuit chip design and service provider.

Xinfeng Technology

Venture Round in 2025
Xinfeng Technology is a developer and manufacturer specializing in the production of new functional materials tailored for photoelectric, acoustic, and thermal applications. The company is particularly noted for its diamond electrodes designed for the semiconductor industry. Xinfeng Technology emphasizes research and development, leveraging advanced vapor deposition technology to create high-quality semiconductor materials. In addition to its focus on semiconductor applications, the company also offers ecological health materials and functional materials that cater to various industrial needs. Through its innovative approach, Xinfeng Technology aims to provide advanced solutions that enhance performance in multiple sectors.

Prosemi

Seed Round in 2024
Pusenmei is a precision micro-resistance current sensor developer company committed to delivering professional and diverse precision micro-resistance current detecting resistors and circuit protection solutions.

Yitai Microelectronics

Seed Round in 2024
Yitai Microelectronics is an automotive Ethernet chip developer company that specializes on producing high-performance, high-reliability, and low-power automotive Ethernet communication chips and systems.

Anchutech

Seed Round in 2024
Anchutech is a technology company that specializes in the development and production of advanced electronic materials. Its primary products include semiconductor cleaning fluids, grinding fluids, and electronic special gas adsorption materials, catering to the electronics industry. The company's core focus is on research and development to ensure high-quality and innovative solutions for its clients.

Luology

Series A in 2024
Luology is a Chinese company specializing in the research and development of transient heat testing equipment for semiconductors. It manufactures and supplies these devices, focusing on advanced electronic cooling technologies and digital twin technologies for thermal and thermal analysis. The company's primary goal is to equip its clients with reliable transient heat testing solutions.

Xinjuwei Technology

Seed Round in 2023
Xinjuwei Technology is a high-performance signal chain integrated circuit product developer that focuses on R&D, manufacturing, and sales.

Borg Technology

Series A in 2023
Borg Technology is a producer of testing and micromachining tools, with an emphasis on optical and precision optical devices.

Hechaogaozhuang

Seed Round in 2023
Hechaogaozhuang is a high-end equipment precision device manufacturing platform that is based on vacuum electron beam welding technology.

Jiangci Electronics

Seed Round in 2023
Jiangci Electronics is a manufacturer of high-performance piezoelectric ceramics and components.

PMT Technologies

Angel Round in 2023
PMT Technologies is a company focused on measurement technology, offering a range of products tailored for enterprises. With comprehensive independent research and development and production capabilities, PMT specializes in the development and customization of core technologies. The company provides high-quality and reliable measurement solutions, catering to various measurement companies by delivering technology output and enhancing their operational efficiency. Through its commitment to innovation and quality, PMT Technologies positions itself as a key player in the measurement technology sector.

Su Li Technology

Angel Round in 2023
Su Li Technology is specialized in the new energy material sector that focuses on the research and development, manufacture, and sales of a new generation of lithium battery cathode materials. It offers a number of cutting-edge lithium-rich manganese-based cathode materials as well as low-cost process technologies. Positive electrode materials offered include ultra-high nickel and high nickel with stable product performance and mature preparation technology.

Guangna Development

Seed Round in 2023
Guangna Development is a producer of micro-nano optics technology designed to improve traditional geometric optical display solutions.

Saphlux

Series B in 2022
Saphlux, Inc. is a company based in New Haven, Connecticut, that specializes in the development, production, and commercialization of advanced semi-polar gallium nitride (GaN) materials. Founded in 2014, Saphlux addresses critical challenges in LED and laser technology, specifically targeting droop and green gap issues. The company offers semi-polar GaN templates in various sizes and is known for its innovative quantum dot (QD) technology integrated into micro-LED solutions. Saphlux designs and manufactures micro-LED chips and micro-display modules, including the NPQD R1 chip for public information displays and the NPQD T1 micro-display for augmented reality glasses. With a focus on enhancing output power and performance while reducing costs, Saphlux operates on a global scale, serving markets in the United States, China, and Japan.

Daheng Tiancheng

Series A in 2022
Daheng Tiancheng provides solution for monitoring, construction, simulation and evaluation of complex electromagnetic environment.

Yaoxin Technology

Series C in 2022
Yaoxin Technology is a MEMS sensor chip provider specializing in power devices, smart sensors, and signal chain ICs.

Physim

Series A in 2022
Physim specializes in the development of electronic design system simulation software, electronic design automation software, and multi-physics simulation computer-aided engineering software. The company offers a range of tools, including electromagnetic, electrothermal, stress, magnetic loss, and fluid simulation tools. These products are designed to assist clients in achieving significant technological advancements, particularly in the areas of 3D integration circuits (3DIC) and Chiplet technologies. Physim’s software solutions facilitate comprehensive simulations, enabling engineers and designers to optimize their processes and improve overall performance in electronic design and engineering applications.

KiwiMoore

Seed Round in 2022
KiwiMoore is a company specializing in advanced packaging chiplet technology, aimed at enhancing the performance and efficiency of semiconductor devices. It develops intelligent integrated silicon substrates that enable the connection of both homogeneous and heterogeneous chiplets, resulting in flexible, high-performance solutions with reduced size. By focusing on heterogeneous computing and integration, KiwiMoore empowers clients, including original equipment manufacturers and fabless companies, to create high-performance chips more rapidly and cost-effectively. The company's innovations are particularly relevant in the CPU, GPU, AI, and high-performance computing sectors, providing significant value to its customers through improved chip production processes.

ADA Intelligent Equipment

Series B in 2022
ADA Intelligent Equipment focuses on the design and manufacture of advanced semiconductor packaging equipment and automation solutions. The company is known for its high-precision semiconductor die bonders, flip-chip bonders, and ball bonders. Additionally, it produces wafer-level and panel packaging equipment, as well as microLED mass transfer equipment. Through its innovative technology, ADA Intelligent Equipment addresses the evolving needs of the semiconductor industry, providing essential tools for the efficient packaging of semiconductor components.

Weidong Time and Space

Angel Round in 2021
Flicker Spacetime is a manufacturer of spacecraft electromechanical moving parts.

Vkansee

Series B in 2021
Vkansee Technology Inc. is a developer of advanced fingerprint sensing technology, specializing in optical fingerprint sensors designed for mobile devices. Founded in 2013 and headquartered in Beijing, the company also operates a research and development office in Shenzhen, along with sales and support offices in New York City. Vkansee's flagship product, the UTFiS, is an ultra-thin, patented optical fingerprint sensor that can be integrated under glass surfaces. This innovative technology enhances mobile security for various applications, including payment processing, data storage, and access control, allowing users to secure their devices and transactions effectively.

Leuven Instruments

Series B in 2020
Leuven Instruments is a Chinese start-up specializing in semiconductor equipment, with a strong focus on the development and manufacturing of tools for semiconductor etching. The company has established a significant technical expertise in etching processes, particularly in magnetic material etching technology. By concentrating on research and development, Leuven Instruments designs various equipment, including platform etching machines and chemical vapor deposition systems. These innovations aim to improve manufacturing efficiency and enhance the performance of electronic components for its clients.

Xinpletek

Series A in 2020
Xinpletek designs and manufactures radio frequency front-end solutions and integrated circuit modules for wireless communications, serving 5G, Wi‑Fi, and IoT applications. The company develops compact, high-performance RF front-end modules that combine analog and digital designs to support mobile devices and IoT modules, delivering efficient, reliable, and scalable wireless connectivity across diverse environments. Headquartered in Shanghai, China, Xinpletek focuses on RF technology research and development to provide front-end solutions and related services to the mobile device and IoT markets.

HuyNew Technology

Series A in 2019
HuyNew Technology, founded in 2017, specializes in the development and manufacturing of optical design and display modules for augmented reality devices. The company, comprised of professionals with backgrounds from notable enterprises like Huawei and BOE, is recognized as the first global supplier of Co-Axis lightguide optics. HuyNew focuses on creating lightweight augmented reality technologies that enhance user experiences across various sectors, including gaming, tourism, industry, and security. Its products have gained recognition and approval from major companies such as Huawei, Lenovo, Netease, Skyworth, and TCL.

Beijing Tasson Technology

Series A in 2019
Beijing Tasson Technology designs, manufactures, and sells fiber-optic communication components and equipment, including chips, devices, and test gear, alongside installation, simulation, and testing solutions. Founded in 2015 and based in Beijing, the company provides full life-cycle technical support for engineering development, with its products used in demanding environments such as aerospace and other critical applications. It focuses on high-quality optical-fiber hardware and reliable communication solutions across multiple industries.

Easpeed Technology

Seed Round in 2019
Easpeed Technology specializes in the development of precision optics and interactive aerial imaging technologies aimed at transforming human visual user interfaces across various applications. The company focuses on light field reconstruction and holographic imaging through its innovative DCT-plate technology, which enhances human-computer interactions. Easpeed's solutions cater to diverse sectors, including information security, smart homes, and smart vehicles, by enabling users to engage with real-time images in a three-dimensional space. Their advancements are particularly beneficial for contactless terminal products applicable in environments such as elevators, subways, and medical equipment, facilitating a seamless integration of technology in everyday life.

CasiVision Technology

Series A in 2019
CasiVision Technology Co., Ltd. is a company based in China that specializes in artificial intelligence and advanced manufacturing, primarily focusing on automatic optical inspection solutions. The firm develops charge-coupled device (CCD) cameras and sensors that deliver high-precision vision analysis services. Its products are designed to enhance the accuracy and efficiency of industrial inspections, particularly in the mobile phone sector, by detecting defects in manufacturing processes. This technology aims to improve overall quality control for clients in various industries.

Sound+

Angel Round in 2018
Sound+ is a Beijing-based company founded in 2018 that specializes in manufacturing electronic components and developing voice processing software. The company produces printed circuit boards, integrated circuits, and amplifiers designed for acoustic devices, which are essential for capturing voice across various distances. Sound+’s technology enables functionalities such as echo cancellation, de-reverberation, sound source localization, and noise suppression. Its products have a wide range of applications, including smart TVs, loudspeakers, kitchen appliances, cars, laptops, mobile phones, and earphones. Additionally, Sound+ offers smart speaker voice front-end solutions and Bluetooth headset voice processing solutions, utilizing advanced algorithms and semiconductor chips to enhance sound processing capabilities.

Saphlux

Series A in 2017
Saphlux, Inc. is a company based in New Haven, Connecticut, that specializes in the development, production, and commercialization of advanced semi-polar gallium nitride (GaN) materials. Founded in 2014, Saphlux addresses critical challenges in LED and laser technology, specifically targeting droop and green gap issues. The company offers semi-polar GaN templates in various sizes and is known for its innovative quantum dot (QD) technology integrated into micro-LED solutions. Saphlux designs and manufactures micro-LED chips and micro-display modules, including the NPQD R1 chip for public information displays and the NPQD T1 micro-display for augmented reality glasses. With a focus on enhancing output power and performance while reducing costs, Saphlux operates on a global scale, serving markets in the United States, China, and Japan.

XINYI Information Technology

Angel Round in 2017
XINYI Information Technology Ltd., established in 2017 with headquarters in Shanghai, China, specializes in designing, developing, and selling system integration and IoT communication chips for the radio frequency simulation industry. Its flagship product is the XY1100 CMOS chip. The company also offers technical consulting services and electronic product development. XINYI operates R&D centers in Shanghai, Nanjing, Chengdu, and Singapore, along with sales offices across China and a supply chain center in Hong Kong. Led by alumni of renowned communication chip companies like Broadcom and Qualcomm, XINYI boasts comprehensive international chip R&D capabilities.

Daheng Tiancheng

Angel Round in 2017
Daheng Tiancheng provides solution for monitoring, construction, simulation and evaluation of complex electromagnetic environment.

YANGZHOU YUAN ELECTRONIC TECHNOLOGY

Angel Round in 2016
Yangzhou Yuan Electronic Technology Co., Ltd. is a technology-driven company based in Yangzhou, China, specializing in the development and manufacture of electronic warfare equipment and electromagnetic test training systems. The company focuses on technological innovation and independent research and development, contributing to defense and security applications. Its product offerings include radar electronic warfare systems, communication electronic warfare solutions, and sophisticated simulation systems for radar and communication countermeasures. Additionally, Yangzhou Yuan has expertise in creating complex electromagnetic environments and possesses independent design capabilities for high-speed signal processing hardware and software, as well as analog and digital communication systems. This military-oriented enterprise is recognized for its rapid expansion and integration of civilian and military technologies.

Lyncon Tech

Angel Round in 2016
Lyncon Tech is a manufacturer specializing in UAV control systems and airborne equipment tailored for the aviation industry. The company develops comprehensive product solutions that integrate sensors, controllers, satellite navigation receivers, radio links, and remote telemetry ground stations. Lyncon Tech also provides machine and simulation testing, ensuring that their systems meet the specific needs of various sectors, including defense and aerospace. In addition to manufacturing, the company offers technical services related to airborne equipment and simulation test equipment, contributing to advancements in the UAV sector and supporting organizations in executing aviation tasks effectively.

Integense

Angel Round in 2015
Integense specializes in the production of industrial, medical, power management, and infrared sensor chips. The company's solution includes thermal printers, custom asics, power solutions, and other services. This is paired with innovative analog and mixed-signal circuit design to create appropriate solutions for high-volume industrial and consumer applications that deliver world-class performance and superior cost structures.

DASUNG

Angel Round in 2015
Dasung promotes paper display of major intelligent computing devices and focuses on the development of new ambient light reflective display terminals based on turbo brush and algorithm technology. Their products include electronic ink computer display, electronic ink tablet computer, and electronic ink mobile phone display.

Dmams

Angel Round in 2014
Dmams develops and makes electronic guns and integrated control systems. They also develop and makes electron beam additive manufacturing systems, vacuum electron beam welding systems, electron beam smelting systems, and all related application services.

Yingweixin Technology

Yingweixin Technology focuses on the development of optical interconnect (OIO) products and infrared detector products.
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