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 Manufacturing

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.

KansenBio

Seed Round in 2024
KansenBio is a biotechnology company that specializes in the research, development, and manufacturing of synthetic biology products. Its core technologies include synthetic biology, strain-fermentation-separation integration, and AI. The company focuses on producing hyaluronic acid, ectoine, L-Histidine, and sialic acids, offering eco-friendly and sustainable solutions to its clients.

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.

Ningbo Boya

Series A in 2024
Ningbo Boya focuses on the research and development of polyimide polymer materials. Ningbo Boya's fundamental technology is the design and synthesis of unique monomers, as well as the theoretically assisted optimization of polymerization formulas and procedures.

Xinchen New Materials

Series B in 2024
Xinchen New Materials is a manufacturer of electrolyte lithium salts, which are utilized in battery electrolytes.

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.

Jiuyou Airlines

Series A in 2023
Jiuyou aircraft is a high-tech company specializing in the research and development, manufacturing, and after-sales support of aircraft parts and composite products.

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.

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.

Chuhui Intelligent

Venture Round in 2022
Chuhui Intelligent is a software company that provides research and development management, manufacturing management, simulation, and other industrial software development, implementation, and consulting services, enabling the battery industry. They provide development, implementation, and consulting services of MES, QMS, simulation, and other industrial software.

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.

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.

Sequence Technology

Series A in 2022
Sequence Technology emphasizes in the production of polymer materials used in the semiconductor manufacturing process.

Weidong Time and Space

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

Golytec Automation

Series B in 2021
Golytec Automation specializes in intelligent automated manufacturing, offering advanced solutions that utilize flexible magnetic levitation technology. The company develops high-speed assembly line systems aimed at enhancing manufacturing efficiency and promoting intelligent manufacturing practices. Golytec's products include intelligent transportation systems, flexible loop lines, and high-precision planar positioning robots. These innovations enable manufacturers to achieve efficient production processes and intelligent transmission, making them suitable for large-scale production environments. By focusing on automation and flexibility, Golytec Automation supports the evolution of modern manufacturing enterprises.

Nanuote Keji

Angel Round in 2021
Nanuote Keji is a developer of ultra-thin metal conductive film materials.

Golytec Automation

Series A in 2020
Golytec Automation specializes in intelligent automated manufacturing, offering advanced solutions that utilize flexible magnetic levitation technology. The company develops high-speed assembly line systems aimed at enhancing manufacturing efficiency and promoting intelligent manufacturing practices. Golytec's products include intelligent transportation systems, flexible loop lines, and high-precision planar positioning robots. These innovations enable manufacturers to achieve efficient production processes and intelligent transmission, making them suitable for large-scale production environments. By focusing on automation and flexibility, Golytec Automation supports the evolution of modern manufacturing enterprises.

enovate3D

Angel Round in 2020
enovate3D is a technology development company. They provide services that include 3D printing equipment, materials, and processing services. An online inquiry form is available on the company's website.

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.

Mino Space

Series A in 2019
Mino Space is a private commercial satellite company focused on the development and application of micro-nano satellite systems. Established in 2017 and based in Beijing, the company specializes in research and development, manufacturing services, and the integration of satellite technologies. Mino Space independently designs and develops micro-nano satellite platforms and core components, including electronic communication and optical payloads. The company has significant experience in satellite communication system integration and also develops terrestrial communication terminals. Mino Space offers integrated information system solutions that leverage satellite resources for various sectors, including defense and industry. Its capabilities encompass the coordination of satellite development and overall project management, contributing to advancements in space exploration and communication technologies.

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.

Matrixtime Robotics

Series A in 2019
Matrixtime Robotics is a technology company based in Hongqiao, China, specializing in deep learning and robot vision technology. Founded in 2018, the company focuses on developing advanced artificial intelligence systems and complex machine vision products tailored for high-end manufacturing. Matrixtime's offerings include solutions for defect detection, item picking and sorting, and various industrial tasks, empowering factories and manufacturers to enhance production efficiency and minimize quality assurance costs. The company serves a range of industries, including semiconductor manufacturing, photovoltaic energy, automotive precision manufacturing, and unmanned ports, providing scene-oriented industrial AI products that support digital transformation in manufacturing processes.

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.

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.

Yungongchang

Series A in 2018
Yungongchang is an online platform offering small batch manufacturing services, specializing in CNC processing, 3D printing, sheet metal work, prototyping, and laser cutting. It serves major domestic enterprises, research institutions, and educational establishments.

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.

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.

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.

Jiaohang Zhongxin New Materials

Jiaohang Zhongxin New Materials is a company focuses on the research and development of high-performance metal structural materials. Its main products include high-performance aluminum alloys, high-temperature resistant aluminum alloys and hydrogen embrittlement-resistant aluminum alloys. It is committed to promoting the application of new materials in high-end manufacturing fields such as aerospace
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