ACEINNA finalises approximately $50 million spinout financing
ACEINNA disclosed that it had finalised an approximately $50 million start-up investment from its founders and IDG Capital following its spinout from MEMSIC.
Evidence notes
- The company emerged after MEMSIC sold its consumer sensor business and brand in late 2017.
- ACEINNA retained higher-growth inertial-navigation, medical-flow and current-sensor product lines.
- The company described the amount as approximately $50 million, not an exact round value.
Company context
ACEINNA develops MEMS inertial, GNSS/INS, current and flow sensing products for autonomous vehicles, robots, drones, industrial systems and electrified platforms.