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 Hardware

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.

Ouye Semiconductor

Series B in 2024
Ouyeel Semiconductor is a manufacturer of SoC chips. They offer smart car chips and solutions for automakers, enabling customers to reduce costs and time to develop new products and features.

Zhongxing Hi-Tech

Seed Round in 2024
Zhongxing Hi-Tech is a technology company that specializes in research and development in creating technological advanced strength testing.

Yuanli Semiconductor

Seed Round in 2024
Yuanli Semiconductor develops and supplies an innovative AI computing power infrastructure.

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.

Ouye Semiconductor

Series A in 2023
Ouyeel Semiconductor is a manufacturer of SoC chips. They offer smart car chips and solutions for automakers, enabling customers to reduce costs and time to develop new products and features.

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.

Linkwise Technology

Series A in 2023
Linkwise Technology is a semiconductor company specializing in material handling automation systems (AMHS) tailored for semiconductor production logistics. The company develops innovative semiconductor packaging and testing technologies, focusing on creating customized automation solutions. Its services encompass the planning and design of automation systems for semiconductor production lines, the design and production of automated logistics handling equipment, and the development of software control systems. Additionally, Linkwise Technology is involved in the intelligent transformation of production equipment and processes, helping customers optimize manufacturing efficiency, enhance product yield, reduce production costs, and save on human capital.

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.

Yuanli Semiconductor

Seed Round in 2023
Yuanli Semiconductor develops and supplies an innovative AI computing power infrastructure.

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.

Hangxing Transmission

Angel Round in 2023
Beijing Hangxing Transmission Technology is a  development and batch production of various servo systems in the fields of aerospace, aviation and navigation. They have rich experience in industry development and mass production and have more than 40 R&D and design personnel, craftsmen, and skilled personnel.

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.

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.

CIX Technology

Seed Round in 2022
CIX Technology is a developer of high-performance, next-generation intelligent computing solutions, specializing in the creation of general-purpose intelligent computing chips and computer CPUs. The company focuses on energy-efficient computing technologies that utilize ARM architecture. Its chips are designed for terminal general intelligent computing applications, including notebooks, desktops, high-end tablets, and augmented and virtual reality systems. By enhancing processing power, CIX Technology enables enterprises to produce advanced electronics and other products, ultimately increasing the speed and efficiency of computing across various scenarios.

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.

Aivatech

Series A in 2021
Aivatech is a system solution company specializing in the design and manufacture of 3D visual perception AI chips and vision algorithms. The company develops consumer-grade and industrial-grade 3D vision modules powered by its AutoZhuying 3D AI processor. These solutions are utilized across various applications, including smart door locks, access control systems, and robotics, as well as in AI-driven scenarios such as facial recognition payment and intelligent hardware. Aivatech's offerings include a low-power 3D vision artificial intelligence platform that supports multiple artificial intelligence applications, encompassing intelligent security, machine vision, and new retail environments.

SynSense

Series A in 2020
SynSense is a neuromorphic computing company based in Zurich, Switzerland, founded in 2017. The company specializes in developing ultra-low-power vision and biosignal processors, as well as point cloud and always-on auditory processing solutions. These products are designed for artificial intelligence edge computing applications, including autonomous robots, mobile and embedded devices, wearable healthcare systems, security, computing, and IoT applications. SynSense's neuromorphic processors overcome the limitations of traditional von Neumann computers by providing an unprecedented combination of ultra-low power consumption and low-latency performance.

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.

AlpsenTek

Angel Round in 2020
AlpsenTek is a high-tech company specializing in the research and development of machine vision sensors and algorithms. It has created advanced machine vision imagers featuring innovative pixel structures, alongside comprehensive solutions that encompass modules, algorithms, and systems. Drawing on its team's extensive expertise in vision sensors, system-on-chip technology, and imaging signal processing, AlpsenTek aims to enhance the machine vision ecosystem. The company's technology includes hybrid biomimetic vision chips and integrated solutions, which are applicable in diverse fields such as robotics, autonomous driving, consumer electronics, surveillance, and industrial monitoring. By providing dynamic light sensing capabilities and biomimetic functions, AlpsenTek addresses the evolving needs of various industries, positioning itself as a key player in the machine vision market.

FDMTEK

Angel Round in 2020
Zhongke Benyuan manufactures digital signal processor (DSP) chips. It provides DSP products and solutions for industrial control, renewable energy, electric vehicles, household appliances, rail transit, and other applications.

Casiris

Series D in 2019
Casiris Vision is a Chinese technology company established through a joint investment by the Institute of Physics and Chemistry of the Chinese Academy of Sciences, Hangzhou Economic and Technological Development Zone, venture capital, and technical team. The company specializes in research and development (R&D) and production of pure laser display products, aiming to achieve visual limits comparable to human perception. Recognized as a national high-tech enterprise, Casiris operates a 5,500 square meter automated light source and complete machine production line, offering comprehensive solutions for home theater, engineering projection, film, and lighting engineering applications.

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.

Yutai Technology

Angel Round in 2018
Yutai Technology provides playing products for animals. They focus on biometric technology and pet-smart hardware. They offer pet insurance, pet air transportation, and purebred dog pedigree certificates.

Iristar Technology

Angel Round in 2018
Iristar Technology offers a range of technology solutions that include smart modules, intelligent terminals, and services designed to enhance enterprise operations. Its portfolio covers smart customs clearance, security, finance, factory automation, and intelligence testing. The organization focuses on integrating advanced digital tools to streamline processes and improve efficiency across various industries.

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.

T-SEA Marine Technology Co.

Series A in 2017
T-SEA Marine Technology Co. offers underwater survey equipment. They committed to creating a full industrial chain of intelligent underwater vehicles, including portable shallow-water survey AUVs, light survey AUVs, high-resolution imaging sonars, synthetic aperture sonars, single-beam depth sounders, and high-resolution submarine buried object real-time 3D imaging sonar.

JingFan

Angel Round in 2017
JingFan Technology, based in Tianjin, specializes in developing miniature embedded intelligent hardware designed for human body monitoring. The company employs advanced technologies like photoelectric sensing and artificial intelligence to create 4x4mm chipsets that can be integrated into various wearable devices such as clothing, watches, and earphones. These chipsets enable real-time health tracking by analyzing pulse waves and other signals, with data processed via cloud-based technology.

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.

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.

ZhiLu

Angel Round in 2016
Shenzhen Zhulu Technology Co., Ltd., established in 2014, is a national high-tech enterprise recognized for its contributions to the Internet of Things (IoT) sector. The company specializes in developing an IoT service platform that provides end-to-end technical capabilities across diverse fields, including smart environmental protection, smart fire protection, and smart community solutions. Zhilu's platform is designed to support various network environments and protocols, ensuring efficient data storage and security for clients. The company has received multiple rounds of financing from prominent investors and has established partnerships with key state-owned enterprises and listed companies. With a strong focus on research and development, Zhilu's team encompasses expertise in software, hardware, communication, cloud technology, and security. The company has also collaborated on national key projects with Tsinghua University, reflecting its commitment to innovation and quality, evidenced by its ISO certifications in quality and environmental management. Zhilu prioritizes customer satisfaction and values its employees as essential to its success.

OSIGHT

Angel Round in 2016
Ningbo Osight Co., Ltd. is a Chinese company that focuses on the research, development, and sales of intelligent automotive solutions and advanced sensor technologies. Specializing in smart photoelectric sensors and lidar technology, Osight provides high-quality laser sensing products and innovative system solutions. The company is recognized as a high-tech enterprise, emphasizing its commitment to technological advancement and quality in the production and technical services related to intelligent sensor products. Its offerings cater to the growing demand for intelligent information processing and automation in various industries.

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.

JingFan

Seed Round in 2016
JingFan Technology, based in Tianjin, specializes in developing miniature embedded intelligent hardware designed for human body monitoring. The company employs advanced technologies like photoelectric sensing and artificial intelligence to create 4x4mm chipsets that can be integrated into various wearable devices such as clothing, watches, and earphones. These chipsets enable real-time health tracking by analyzing pulse waves and other signals, with data processed via cloud-based technology.

DTing

Angel Round in 2015
DTing is a company that specializes in muscle electrical signal sensors and bioelectrical big data analysis solutions. Its flagship product is a gesture recognition wristband that captures user muscle signals and transmits this data to paired devices, allowing for innovative methods of control. By leveraging bioelectrical signals, DTing enhances user interaction with technology, facilitating a more intuitive and responsive experience. The company's focus on the intersection of bioengineering and wearable technology positions it as a pioneer in the development of advanced user interface solutions.

Ohh Zhineng Jiaju

Angel Round in 2015
Ohh Zhineng Jiaju is an enterprise with intelligent solutions, ad hoc network technology, and data collection services. Their services include LoT cloud management platform access and services, as well as personalised and customizable APPs or terminals and cost-effective, simple, and practical smart hardware products.

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.

Lead Health

Lead Health is a hard technology startup company that transforms scientific and technological achievements of the academician team. It independently develops life science instruments and biopharmaceutical equipment and has independent intellectual property rights.

Yingweixin Technology

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