PuFa Silicon Valley Bank
The entire 21st floor and Rooms 01 and 06B on the 22nd floor, Tower B, Baodi Plaza, No. 588 Dalian Road, Yangpu District, Shanghai, 200082, China
Overview
Headquartered in Shanghai, China, SPD Silicon Valley Bank (SSVB) is a joint venture between Shanghai Pudong Development Bank Co., Ltd. (“SPDB" SSE: 600000) and Silicon Valley Bank (“SVB" NASDAQ: SIVB (SVB Financial Group)). SSVB is the first technology and innovation bank in China serving as an independent legal entity. It is also the first Sino-US joint venture bank. SSVB’s mission is to “increase our clients’ probability of success" by providing unique financial products and services to the technology and innovation industry and redefining the banking experience for innovation companies of all sizes. SSVB aims to create the “Innovation Ecosystem" and strives to be the most sought-after bank for China’s innovation economy. Target clients include those in the hardware,software, Internet, mobile, consumer technology, life science, biotechnology and clean-tech sectors.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 4
Sector focus
- Finance
- Financial Services
Investment portfolio
- Qiangua Technology
Participated · Series A · Jan 2024
QianGua Technology (千挂科技) is a developer of unmanned driving technology for freight trucks, focused on L4 autonomous freight-truck development. The company recently completed a Pre‑A financing round. The round combined equity and debt instruments. Investors in the deal included Yizhuang Guotou, IDG Capital, Cathay Capital, and SPD Silicon Valley Bank. The disclosed total exceeded RMB 100 million. The financing was reported by DoNews citing IT桔子. Qiangua Technology, established in July this year in China, develops automated driving trucks and provides logistics and transportation services built on that technology. The company targets B-end business for traditional freight logistics enterprises rather than consumer robotaxis. Its automated driving trucks aim to address industry problems such as high labor costs and driver fatigue by improving safety and reducing costs for logistics operators. Founders include Sun Haowen, formerly a senior director for R&D of PonyTron at Pony.ai, and Ding Fei, formerly an executive director at IDG Capital; two other cofounders are described as middle-level or senior executives from Baidu, Alibaba or Tencent and may serve as CEO and CTO. Qiangua's participation adds to growing competition in automated driving trucks as robotaxi firms and traditional logistics companies move into freight transportation.
- Shukun Technology
Participated · Series B · Aug 2020
Shukun is a Chinese startup that uses AI to power medical imaging diagnosis. The company develops AI-driven tools for diagnosing medical images. It secured 700 million yuan (about $108 million) in a new funding round. The round was led by Goldman Sachs and Primavera Capital Group. The funding was announced on Monday. The article does not provide operating metrics, use of proceeds, or details on other investors. Shukun is a Beijing-based artificial intelligence startup focused on medical diagnostics. Its core product, CoronaryDoc, is an assisting software launched in early 2018 that helps doctors diagnose heart disease using visual recognition technologies. By the end of September 2019 CoronaryDoc had been used on a trial basis in more than 100 hospitals in China. In February the company launched an AI system to help diagnose COVID-19, which has been deployed in multiple hospitals including Wuhan Zhongxin Hospital. Shukun plans to use new funding to expand application of its AI technologies for cardiovascular and neurological diseases and cancer detection across hospitals nationwide, with emphasis on grass‑root medical institutions. The company was founded in 2017.