Goertek
No.268 Dongfang Road, High-Tech Industrial Development District, Weifang, Shandong, 261031, China
Overview
Goertek Inc. was established in June 2001, and listed on the Shenzhen Stock Exchange in May, 2008. Goertek currently holds the largest market value among acoustic companies on the Shenzhen Stock Exchange. As a leading innovative Chinese high-tech company, Goertek’s main focuses consist of R&D, production and sales of electro-acoustic components, optical components, electronic accessories and related products. Goertek provides vertically integrated total solutions and services to globally-renowned companies such as: Samsung, Sony, Microsoft, Huawei and Xiaomi to name a few. Since Goertek's establishment in 2001, Goertek has high performance with a consistent and rapid growth rate. By the end of 2015 sales revenue had exceeded over 13.7 billion RMB (total assets 19.2 billion RMB). By market share, Goertek is a top ranked company in the miniature microphone manufacturing industry. Goertek is the top ranked company in ODM manufacturing for Bluetooth headsets, gaming accessories (including controllers) and mid-end and high-end VR products. By market share, Goertek ranks second in miniature speaker/receiver manufacturing. Goertek ranks third in smart band ODM manufacturing. Goertek has received the following prestigious awards: National Electronic Information Industry Business Model Award, Governor of Shandong Province Quality Award, Shandong Province Science and Technology Progress Award as well as others. As part of our integrated multi-technology product development strategy, Goertek has established long-term strategic partnerships with leading universities and research institutions, such as: Tsinghua University, Beihang University, Nanjing University, The Institute of Acoustics of the Chinese Academy of Sciences, Beijing University of Posts and Telecommunications, Shandong University and many others. Goertek is dedicated to basic and advanced research in the electro-acoustic technology field – constantly searching for innovative cutting-edge technologies for new product development. Goertek has established the Acoustics Laboratory of Communication with the Chinese Academy of Sciences, Joint Laboratory of Communications Technology with Beijing University of Posts and Telecommunications, Enterprise Technology Center in Shandong Province, Shandong Saving Sound Engineering Research Center, National and Local Joint Engineering Laboratory and other research organizations. Our transformation and innovation capabilities enable us to achieve so much more than many others in the broader acoustic/non-acoustic electronics production industry. This effectively advances vertical integration and incorporation of components, as well as android-based operating systems and acoustic algorithms into components (or finished products). Because of vertical integration all of the finished products we produce have some (or all) components manufactured in our precision factories. Thanks to incredibly fast production of automated machinery and rapid re-purposing strategies our company can quickly mass produce electronics. To remain ultra-competitive we've spent a good amount of money on R&D to develop some of the Smart Strategies that we've created to continue to be a four-runner in the Smart Era of acoustics (and overall electronics industry). These strategies are: Smart Wearables, Smart Entertainment, Smart Audio and Smart Home. Through offering very competitive as well as comprehensive compensation packages, Goertek is able to recruit and retain ideally talented individuals and teams. Goertek leadership is focused on using skillful and strategic forecasting methods to develop current-market needed technologies and methodologies that exceed client expectations. Fully fusing health, beauty and advanced technology through connecting people, nature, the world and future trends is how Goertek will become one of the world’s leading enterprises in the information industry. “We make it together.”
- Total investments
- 5
- Lead investments
- 1
- Investments · 12mo
- 1
- Active investors
- 5
Sector focus
- Audio
- Consumer Electronics
- Gaming
Investment portfolio
- WaveOptics
Participated · Series C · Sep 2019
WaveOptics designs and manufactures diffractive waveguides, the key optical component used in near-eye transparent displays for AR wearables. The company offers 40° and 28° field-of-view waveguide products and a 40° light engine to accelerate prototyping and product development. Its patented technology transfers projector light into the user’s eye to deliver a large eye-box, binocular viewing and high field of view with crisp, stable imagery. WaveOptics has secured partnerships with global OEMs and ODMs and an exclusive manufacturing agreement with Goertek to enable mass production at consumer price points. The business raised an oversubscribed $39m Series C (an initial $26m tranche in December 2018 plus a $13m final stage) to scale operations in the UK, US and Asia and build high-volume manufacturing capability. WaveOptics aims to be the core optical component across industrial, enterprise and consumer AR markets as devices move from prototyping to commercial launch. WaveOptics is a world-leading designer and manufacturer of diffractive waveguides, the key optical component in wearable augmented reality devices. Its waveguides transfer light from a minute projector into the user’s eye to enable immersive AR experiences across industrial, enterprise, and consumer markets. The company says it is working with a wide range of leading global OEMs and ODMs as they ramp up product development. WaveOptics raised $26 million in the first stage of a Series C to scale operations and support international expansion. The capital will be used to scale up rapidly around the world, particularly in Asia and the US, and to manage and support an increasing number of customers across different sectors. Securing Goertek as a shareholder is described as a strategic development that will significantly expand the company’s reach. The company anticipates closing further funding in the coming months. WaveOptics is a UK company that builds waveguide-based optics for augmented reality, using hologram physics and photonic crystals. Its core product aims to deliver wider field of view and brighter full-colour images while addressing performance, form factor and scalability tradeoffs. The company positions its optics to be used across different AR hardware, targeting both consumer and enterprise markets. Founders Sumanta Talukdar and David Grey say first products are likely to hit the market next year. Financially, WaveOptics has completed a $16M Series B and had previously raised roughly $400,000; the company declined to disclose a valuation. Management says the new funding will complete product development, accelerate technology deployment, and support launches in new markets while focusing on building product and client relationships rather than exiting. WaveOptics develops patented optical display technology that produces full-colour, see-through augmented reality (AR) displays. The company is led by CEO and founder Sumanta Talukdar. It intends to use newly raised funds to strengthen its position in the AR market, with a focus on increasing market penetration in enterprise customers. WaveOptics also plans to accelerate its level of engagement in the consumer market. The company is based in Abingdon-on-Thames, UK. The fundraising reported was a multi-million pound round led to support these growth priorities.
- Anima
Led · Equity · Aug 2017
Anima is a Malmö-based startup that develops Kronaby, a connected analog watch. Kronaby is available in four analog models and pairs with a mobile phone to control music, trigger phone cameras, and save locations. The watch alerts wearers to phone notifications via vibration and includes a silent alarm. Anima has begun launching Kronaby in the U.S. The company recently secured external funding of €1 million from Chinese component manufacturer Goertek. Founder Sarandis Kalogeropulos said the team aimed to participate in the next digital transformation around the internet of things.
- NextInput
Participated · Series A · Dec 2015
NextInput develops MEMS-based force-sensing solutions and offers products such as ForceTouch and ForceGauge to serve Consumer, Automotive, IoT, Medical, Robotics and Industrial customers. The company says it has quadrupled its product offering in the two years between its Series A and B. It has built an experienced team, secured multiple design-wins, and become a revenue-generating business. NextInput completed three consecutive up rounds leading to the Series B. The company intends to use the Series B funding to expand its footprint into new markets with its integrated force-sensing solutions. NextInput is headquartered in Mountain View, Calif., in Silicon Valley. NextInput develops MEMS-based force-sensing solutions for touch-enabled devices across consumer, wearable, IoT, automotive, industrial and medical applications. The company’s solutions are used in the mobile and automotive markets. It intends to use recent funding to accelerate product development and market expansion. NextInput closed a $5.1M Series A1 round and has raised $13.1M in two consecutive, oversubscribed funding rounds. The company is led by CEO and Founder Ali Foughi. NextInput is based in San Jose, California. NextInput develops MEMS-based force-sensing solutions that combine MEMS force sensors, algorithms, software and mechanical design for touch-enabled devices. Led by CEO and founder Ali Foughi, the company targets consumer, wearable, IoT, automotive, industrial and medical applications. NextInput completed an $8.0M funding round in December 2015. The company plans to use the funds to expand its team, increase production capacity in anticipation of customer production ramps, and continue innovating its MEMS-based ForceTouch solutions. Sierra Ventures’ Managing Director Ben Yu will join NextInput’s board alongside Steve Nasiri of InvenSense. The company is based in San Jose, CA. NextInput produces MEMS-based force-sensing solutions branded ForceTouch for touch-enabled devices. Its solutions target consumer, wearable, IoT, automotive, industrial, medical and other applications. The company plans to commercialize ForceTouch and begin mass production in the third quarter of calendar year 2015. A portion of the funds from the latest round will be used to pursue strategic opportunities with Intel in consumer electronics product categories. NextInput closed a $1.5M fundraising round and has now raised $3M in capital. The company is headquartered in the Silicon Valley.