From January to July, 32 tech companies in SIP’s SISPARK (Suzhou International Science Park) completed new financing rounds, demonstrating advantages of cluster-based development and strength in key and core technologies that have boosted investors’ confidence.

Among these companies are nine engaged in high-end equipment manufacturing, six in integrated circuit design and five in intelligent networking and industrial software.

When it comes to the amount raised, Zelos, a company engaged in automatic driving technology, led the pack with US$200 million raised in its Series B2/B3 round, followed by iMotion, an auto-driving solution supplier which closed a RMB200 Post-IPO round.

Notably, state-owned enterprises, especially Suzhou-based ones, played a significant role in facilitating these investments. LEADER, a venture capital investment company founded by SIP Enterprise Development Service Center, invested in five companies, while Oriza Holdings, an investment organization in SIP, led a RMB100 million Pre-A+ round for a chip company.

August 21, 2025