Beijing-based Jinjing Technology, also known as Goldenscope Tech, has raised RMB 300 million in Series B financing, its second funding round of 2026 following an earlier Pre-B raise. The round, closed September 16, 2026, was led by existing investors Kangyu Capital and Fujiang Capital, with additional participation from Transfar Group, CITIC Goldstone and investor Xiang Guanglong. The company builds electron-beam lithography systems, cathodoluminescence imaging equipment and related electron-optics instruments used across semiconductor research, quantum device development, and micro- and nanofabrication — a category of precision scientific instrumentation that has taken on heightened strategic importance in China as the country pushes to reduce its dependence on imported high-end laboratory and fabrication equipment.
Founded in December 2018 and headquartered in Beijing, with subsidiaries and offices in Guangzhou and Suzhou, Goldenscope Tech has built its business around a technically demanding niche: instruments that use focused electron beams to inspect, characterise and pattern materials at the nanoscale. Its cathodoluminescence systems allow researchers to study the light-emitting properties of materials with the spatial resolution of an electron microscope, a capability used for semiconductor defect detection, integrated-circuit failure analysis, materials-science research, and even geological and biomedical applications such as mineral dating and fluorescent drug labelling. Its electron-beam lithography systems, including the company's Pharos 310 platform, are used to pattern nanoscale structures directly onto substrates — a foundational capability for semiconductor prototyping, photonics research and the fabrication of next-generation quantum devices.
The company has positioned its Pharos 310 system as a domestically developed alternative to imported high-end electron-beam exposure equipment, citing performance specifications including an electron beam spot size of 2.0 nanometres at 30 kiloelectronvolts and pattern resolution below 15 nanometres — figures the company says place the system among the more capable domestically produced instruments of its kind. That positioning matters considerably in the current environment: China's push toward what officials describe as domestic substitution in high-end scientific instrumentation has intensified over the past several years as export restrictions on advanced semiconductor and laboratory equipment from Western suppliers have made reliable access to imported tools less certain for Chinese research institutions and chipmakers alike.
For investors, the appeal of a company like Jinjing Technology extends beyond the immediate commercial opportunity in selling electron-optics instruments. Semiconductor and quantum research depend heavily on specialised scientific equipment, and where reliable imported alternatives face supply concentration or political risk, domestically developed instruments — even if not yet matching the absolute performance ceiling of the best international competitors — can command strategic value that justifies continued investment even before a company achieves the scale of established global suppliers such as Raith or JEOL. That dynamic helps explain why a company operating in as specialised a niche as electron-beam lithography has now completed two funding rounds within a single calendar year, an unusually fast financing cadence for a hardware-intensive scientific-instrument business.
Jinjing Technology's investor base has grown steadily since its Series A round in 2022, when it raised roughly CNY 10 million from Founder H Fund, followed by a Series A+ round led by Lightspeed China Partners with participation from CDH Investments and Fortune Capital. The involvement of Kangyu Capital and Fujiang Capital as repeat lead investors in this latest round suggests continued confidence in the company's technical trajectory and commercial progress, even as the broader round size — RMB 300 million, or roughly $42 million — marks a substantial step up from the company's earlier, more modest financing rounds. The company has previously been recognised by Chinese authorities as a national high-tech enterprise and a "little giant" — a designation given to specialised, innovation-focused small and mid-sized enterprises considered strategically important to China's industrial policy goals.
With its latest funding, Jinjing Technology is expected to continue expanding production capacity for its electron-beam and cathodoluminescence product lines while advancing development of next-generation instruments, including plans the company has previously outlined for an ultrafast cathodoluminescence system and low-temperature electron microscopy capabilities. As China's semiconductor and quantum-technology sectors continue to prioritise supply-chain resilience over the coming years, specialised instrumentation makers like Jinjing Technology are likely to remain an area of sustained investor interest, even if the category itself remains far smaller and less visible than the AI and consumer-technology deals that dominate broader startup funding headlines.
The broader Chinese hard-tech investing environment has shifted meaningfully in favour of companies like Jinjing Technology over the past two years, as venture and growth-equity investors have reoriented significant portions of their portfolios toward semiconductor supply-chain resilience following continued export-control tightening from Western governments. Where Chinese venture capital in the previous decade concentrated heavily on consumer internet and platform businesses, a growing share of institutional capital now flows toward companies building the physical and instrumentation layer that underpins advanced manufacturing and chip research — a shift that has benefited specialised, technically defensible businesses even when their addressable markets remain, in absolute terms, considerably smaller than those of consumer-facing technology companies.
For Jinjing Technology specifically, the path forward will likely involve continued investment in expanding its product line beyond its current electron-beam lithography and cathodoluminescence systems, potentially into the ultrafast and low-temperature electron microscopy capabilities the company has previously signalled as areas of future development. Success in that expansion would strengthen its positioning as a genuine domestic alternative across a broader swath of the electron-optics instrumentation market, rather than a single-product supplier vulnerable to competitive displacement. Given the strategic weight Chinese policymakers have placed on domestic substitution in high-end scientific instrumentation, companies that can credibly close the performance gap with established international suppliers are likely to remain a durable area of investor interest well beyond this latest funding round.
Analysts tracking China's hard-tech financing environment note that companies operating in electron-optics and adjacent precision-instrumentation niches have historically struggled to attract capital at the pace seen in software and consumer technology, given the longer development cycles and smaller addressable markets inherent to specialised scientific equipment. Jinjing Technology's ability to close two funding rounds within a single year suggests that calculus is shifting, as investors increasingly weigh strategic supply-chain considerations alongside conventional return expectations when evaluating hard-tech opportunities tied to semiconductor and quantum research infrastructure.
