Laser project technology company Casiris Technology lured Cash Capital and Cas Star to the table for its series D-plus round.
China-based laser projection parts developer Casiris Technology has raised RMB135m ($19.1m) in a series D-plus round backed by Cash Capital and CAS Star, two investment arms affiliated with Chinese Academy of Sciences.
The round was led by government-owned investment unit State Development and Investment Corporation and also included investment firm Rich Land Capital and Zheshang Venture Capital.
Founded in 2015, Casiris Technology develops laser-powered technologies as components for high-definition TVs, digital cinemas and other display products.
The company has 36 patents pending for its pipeline, which includes high-performance laser LEDs used to improve performance, colour and granulation reduction within its target products.
The funding comes three months after Cash Capital and CAS Star joined Rich Land Capital for Casiris’s series D round, adding to a series C sum supplied by private equity firm CStone Capital in April 2018, according to China Money Network.
Casiris had reportedly raised angel and series B funding in 2015 and 2017 respectively, though further details could not be ascertained.