SIASUN(SZ:300024) 3 6 Ke·2025-11-28 06:49Core Insights - HeShan Technology has successfully completed A3 and A4 financing rounds, raising several hundred million yuan in total [1] - The funds will primarily be used for the iteration of next-generation tactile chips, underlying architecture for edge models, construction of tactile data platforms, and expansion of scenario closed-loop capabilities [1] Financing Information - Total financing amount for A3 and A4 rounds is several hundred million yuan, with investors including CITIC Jinshi Investment, CITIC Securities Investment, and others [1] - The company aims to utilize the funds for technological advancements and infrastructure development in tactile sensing [1] Company Overview - Founded in 2017 and headquartered in Beijing, HeShan Technology specializes in AI tactile perception technology and comprehensive application solutions [1] - The product matrix includes core sensors, algorithm platforms, and simulation systems, covering a complete chain from TS-F fingertip tactile sensors to TS-R tactile perception service robots [1] Technological Advantages - HeShan Technology has developed the world's first mixed-signal AI tactile chip and the first distributed brain-like industrial application chip based on SNN (Spiking Neural Networks) [2] - The sensors feature a high precision force resolution of 0.01 N and can perform non-contact material recognition within a range of 0-10 cm [3] Market Potential - The global tactile sensor market is projected to grow from $15.33 billion in 2024 to $35.59 billion by 2031, with a CAGR of 12.8% [6] - The growth is driven by the rapid rise of humanoid robotics, which positions tactile sensors as a key technology for achieving task closure and scenario generalization [6] Company Performance - HeShan Technology has entered a phase of scaled revenue, with total revenue expected to exceed 100 million yuan in 2024 [7] - The business structure is shifting from automotive dominance to robotics, with tactile sensor business projected to contribute nearly half of the revenue by 2025 [7] Team Background - The core team comprises top researchers from Tsinghua University and the University of Manchester, with a joint AI tactile perception laboratory established in 2019 [8] - The founder, Sun Tengchen, is an inventor of planar and curved capacitive technology, while the chief scientist is a co-inventor of the ARM architecture [8] Strategic Insights - Tactile perception is seen as essential for robots to execute tasks effectively in the physical world, addressing issues of task execution closure and scenario adaptability [9] - HeShan Technology aims to maintain over 80% market share in humanoid robotics while exploring high-value scenarios for tactile sensor applications [12] Investor Perspectives - Investors recognize tactile perception as a critical factor for enhancing the versatility and adaptability of robots, with HeShan Technology being a leading player in the commercialization of tactile sensors [13][14][15] - The company is positioned as a comprehensive supplier of tactile solutions, with a focus on distributed collaborative perception and significant competitive barriers [14]