China-based microLED inspection systems developer AlphaBetter successfully finalized its Series A+ financing round, raising several hundred millions of Yuan (likely something between $30 to $100 million USD).
Several investor participated in the round, including GuoZhong Capital, AnXin Capital, Puhua Capital, Xiamen Financial Innovation, and Siming Science & Technology Innovation Fund.
AlphaBetter, officially known as Yibei Technology, was established in 2020 in China, with an aim to develop inspection equipment for the display industry. The company's first product was the α-INSPEC M1000e microLED wafer-level PL inspection system, said to be the first MicroLED PL inspection system designed and produced in China. The company now offers several inspection systems, including automated optical inspection (AOI) for displacement measurement and patternless epitaxial wafer defect inspection.
AlphaBetter says that it sold its systems to all major Chinese microLED developers, and is now expanding into the Taiwanese market, in addition to Japan, South Korea, the US and the EU.
