NextFin News — Demark Precision raised 420 million yuan (about $58 million) in a Series C financing round led by Furong Investment.
The Zhejiang-based precision components maker, formally Demark (Zhejiang) Precision Technology Co., Ltd., drew participation from Changxing Industry Group, Nanhu Equity Fund, Huayi Venture Capital, Yuanjing Capital, Deqing Industrial Investment, Huaan Jiaye and Guoxin Venture Capital, with existing shareholder Yunqi Capital adding further capital. Proceeds will fund process research and development for critical hardware used in robotics and related fields, expand production capacity and support market development. Founded in 2016 in Changxing County, Huzhou, the company supplies high-precision parts, medium-to-large structural components and functional assemblies primarily to semiconductor, photovoltaic, wind-power and heavy-industry equipment makers. It operates high-standard constant-temperature plants exceeding tens of thousands of square meters and maintains full-chain capabilities covering welding, stress-deformation control, micron-level machining and surface treatment.
Demark has previously completed multiple funding rounds, including a Series A of more than 100 million yuan in 2023 led by Jushi Venture Capital and later A++ and subsequent injections involving Zheshang Venture Capital and other regional investors. The firm holds provincial specialized and innovative enterprise status along with manufacturing single-champion recognition, and it serves domestic and international equipment makers with delivery acceptance rates above 99 percent on tight-tolerance work. The new capital directly targets scaling capabilities for robotics-related precision hardware as demand rises for reliable domestic suppliers of structural and functional components in embodied intelligence and automation equipment.
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