(TMTPOST)—Domestic semiconductor CIM (Computer Integrated Manufacturing) leader "SimTech" announced on Monday that it has recently completed a multi-million yuan round C+ financing.

The funds raised will be mainly used for research and development, talent retention, overseas market expansion, and the entry of domestic intelligent manufacturing software solutions into more global factories.

This marks the sixth financing series completed by SimTech in three years, with previous investors including Shenzhen Capital Group, BYD, and Hillhouse Capital. After completing the round C+ financing, SimTech now holds nearly one billion yuan (US$ 140 million) in cash. It has officially initiated the IPO process and completed the listing guidance filing process with the Shanghai Securities Regulatory Bureau.

In semiconductor factories, CIM systems are the core of automated production and the lifeblood of semiconductor manufacturing. They consist of dozens of software systems, including Manufacturing Execution Systems (MES), Statistical Process Control Systems (SPC), Equipment Automation Solutions (EAP), Recipe Management Systems (RMS), and Yield Management Systems (YMS).

CIM involves the entire lifecycle of semiconductor products. Through automation and integration of enterprise information based on CIM-based factory production, it aims to improve process quality, increase equipment utilization and production efficiency, enhance capacity, and reduce production cycles.

Since its inception in 2020, SimTech has provided self-developed fully automated CIM solutions, which offers efficient and stable production management services for the semiconductor and semiconductor-related industries. It has achieved mass production verification in several 12-inch wafer fabs.

In 2023, SimTech launched the software flagship brand PlantU series, covering operations management, production management, quality management, scheduling planning, logistics automation, equipment automation, general tools, etc. The CIM solution matrix has been further improved and upgraded. Currently, the number of customers exceeds 300.

The company leverages the industrial bases in East China, South China, North China, and Southwest China to achieve strategic layout with mutual support and resource sharing. Its business also covers multiple countries and regions, and setting up local subsidiaries helps expand international business and achieve local delivery.

"Going forward, we will continue to focus on domestic intelligent manufacturing software solutions, adhere to core technological innovation, maintain deep integration of products and customer needs, and take action to realize the original intention of 'software achieving intelligent manufacturing.' We will build SimTech into a platform-based industrial software enterprise," said Li Gangjiang, SimTech's Chairman and CEO.