Boge Technology Completes Nearly 200 Million Yuan Series B Round

Suzhou Boge Technology Co., Ltd. (Boge Technology) recently closed a Series B round of nearly RMB 200 million, led by the Industrial Machine Tool Industry Investment Fund (Guoqi Yuanhe), with follow-on investment from the Jiangsu Suzhou AI Industry Special Fund (Su Chuangtou) and Yingfutaike.

What is the background of Boge Technology, a company backed heavily by top industrial capital? And why was it able to secure such a large round of funding?

Founded in 2019 and headquartered in Suzhou Industrial Park since 2021, Boge Technology is an advanced instrument manufacturer focused on micro-machining and inspection. Its core differentiator is an integrated, full-chain layout across micro- and nano-optics.

The company has three specialized subsidiaries: Tuotuo Technology develops and manufactures micro- and nano-optics processing and inspection equipment, with products including maskless UV lithography systems, ultra-high-precision 3D lithography products and photocurrent spectroscopy equipment; Aimo Technology focuses on high-precision motion platform solutions, providing nanometer-level positioning platforms for semiconductor inspection, microscopy and other applications based on linear motor precision drive and direct position measurement technology; and Shanghai Tuotuo supplies proprietary optical materials tailored to its processing equipment.

With instruments and equipment, core modules and key materials forming a three-in-one system, Boge Technology has achieved end-to-end technological integration from optical materials to processing equipment and on to inspection instruments.

On the business and market front, Boge Technology's product strength lies in deep, vertical breakthroughs in domestic substitution within specific niche segments. Its core product, the maskless UV lithography system, enables rapid verification directly from design patterns to on-site patterning, significantly shortening the verification cycle at the front end of the chip industry. Against the backdrop of continuously rising demand for advanced packaging, the direct-write lithography equipment segment is poised for structural growth opportunities.

On the market validation front, in the research sector, Tuotuo Technology's maskless UV lithography systems have won consecutive procurement tenders from universities including Tsinghua University, Sun Yat-sen University, Shenzhen University, Nanjing University of Posts and Telecommunications, and Dalian University. On the industrial side, the team is working closely with leading international manufacturers to integrate its products into core industrial systems, while Emmo Technology's high-precision motion platforms serve industrial and research fields such as semiconductor inspection, microscopy, and life sciences.

Boge Technology's ability to secure this major financing is evident from its strategic positioning. The global micro-nano optics market continues to grow, and investor interest in micro-nano optics direct-write lithography and inspection equipment is heating up. Boge Technology's integrated "equipment + modules + materials" approach is rare among domestic peers in the same field.

More importantly, at the strategic level, the lead investment by the Industrial Machine Tool Industry Investment Fund (Guoqi Yuanhe) is by no means purely a financial decision. Micro-nano optics processing and inspection equipment is essentially an extension of "industrial machine tools" at the nanoscale. Without independently controllable high-end optical equipment, advanced semiconductor processes, quantum device manufacturing, and brain-computer interface electrode processing would be out of the question. What Boge Technology is doing is building the underlying manufacturing foundation for these national strategic sectors.

Overall, Boge Technology has completed the hardest "from 0 to 1" leap for a hard-tech company in less than seven years. In the micro-nano optics field — a long, snow-covered slope — Boge Technology's value lies in the complete technology loop it has built, spanning materials to equipment and processing to inspection. This end-to-end self-reliance is precisely the scarcest strategic asset in China's high-end equipment manufacturing industry.

When national-level industrial capital casts a vote of confidence with real money, the journey of this micro-nano optics company from Suzhou has only just begun. The future looks promising.