June 16, 2020 11:39 PM Eastern Daylight Time
SAN JOSE, Calif.--( BUSINESS WIRE )--Credo, a global leader in high-performance, low-power serial connectivity solutions, announced that it has received $100 million in D rounds led by Walden International, CICC Capital and BlackRock Financing. This round of financing will accelerate the commercialization of Credo's 400Gbps and 800Gbps high-speed connectivity solutions in the hyperscale data center and 5G operator markets.
" I am very pleased to work with a group of world-class investors to support the continued growth of Credo's business. More and more first-class customers and partners show that Credo is outstanding in providing industry-leading high-speed serial connection solutions. Credo's Success is expected in the future."
— Lip-Bu Tan, Chairman of Walden International and Founding Managing Partner of WRVI Capital
" In the wave of development of globalized big data and 5G, especially in the implementation of China's new infrastructure strategy led by 5G, data centers, super computing, etc., Credo's high-speed connection solutions have broad application prospects. We are very I am fortunate to be able to help Credo's business and products to develop globally and in China."
— Gao Qing, Managing Partner of CICC Silicon Valley Fund under CICC Capital
" Credo successfully raised US$100 million in this round of financing with the support of new and old investors, which not only accelerates the promotion of our existing 400Gbps products, but also helps to consolidate our leadership in the next generation of 800Gbps high-speed connectivity solutions. position."
- Bill Brennan, Credo CEO
Since its establishment, Credo has been committed to the development of the world's leading serial connection solutions. These solutions meet the urgent needs of the high-speed communication terminal market for increasing network bandwidth, reducing operating costs, improving network reliability and security, and are widely adopted by data center, network equipment OEM and ODM manufacturers, and optical module manufacturers. deploy.
The plug-and-play HiWire™ AEC (Active Electrical Cable) invented by Credo is as simple and easy to use as optical fiber, but the power consumption and cost are much lower than optical fiber. In complex scenarios of intra-rack and mid-layer interconnection, AEC with retiming and full signal equalization functions is the perfect replacement for DAC. The HiWire™ Global Industry Alliance, with Credo as its promoter, welcomed more than 30 top companies in the industry within a year. At the same time, HiWire™ AEC has also gradually been recognized by more and more leading customers in the industry.
About Credo
Credo is a leader in providing the world's most advanced single-channel 112G/56G/28G ultra-high-speed connection solutions for 5G, data centers, cloud, artificial intelligence, supercomputing, and autonomous driving. Credo was founded in Shanghai Zhangjiang in 2008 and has taken root in China for 12 years. Shanghai is a global R&D center and has branches in Silicon Valley, Hong Kong, Taiwan and Wuhan. Since its inception, the company has focused on high-speed SerDes technology. It is one of the few companies in the industry that can realize 400G/800G connection solutions based on the entire 28nm/16nm/12nm/7nm process.
For more information, please pay attention to the WeChat public accounts "Mosheng Technology" and "HiWire"; or visit the company's website: www.credosemi.com . or the HiWire industry alliance website www.hiwire.org
