Zhongshan-based company IBD Tech recently completed a new round of financing worth of tens of millions of yuan.

This round of financing is a joint investment by Publics Venture Capital and Guangdong Technology Financial Group Co Ltd. At the same time, it has been granted a credit of over 10 million yuan by the Zhongshan Rural Commercial Bank Technology Branch and several other banks.

Ji Ming, general manager of IBD Tech, said that this round of financing will be used to speed up the sales of existing products, invest in research and development of new products, introduce new technologies and new teams, speed up the development of the company, and enhance its comprehensive competitiveness.

IBD Tech is an innovative high-tech company specializing in the research and development of key technologies utilizing new ion sources and the design and manufacture of ion beam equipment. This enterprise is located in the 01 Co-creation Technology Business Incubator in Zhongshan's Torch Development Zone. The company's new products now fill the gap in the country's high-end ion source field.

Presently, IBD Tech has established strategic cooperation relationships with the Chinese Academy of Sciences, Beijing Institute of Technology and Jinan University. The company has also established a number of high-end platforms, such as process testing centers and laboratories.