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Hengwan Technology

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Open RAN radio products and solutions provider.

Chengdu, ChinaFounded 2019Semiconductors
Valuation $100–250M Last recorded · 2026
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Hengwan Technology

Hengwan Technology (Zillnk) is a high-tech company founded in 2019 by Robby Liu, specializing as a solution provider within the Open RAN (Radio Access Network) ecosystem. The company's headquarters are in Chengdu, China, with a global presence that includes offices in Xi'an, Beijing, Dubai, and Stockholm. Zillnk designs and develops a comprehensive portfolio of radio products and solutions based on the Open RAN standard. Its offerings cater to various frequency bands for 2G, 4G, and 5G, with research and development extending into AI-RAN and 6G technologies. The product line includes Macro and Micro Radios, Massive MIMO units, and other Remote Radio Units (RRU) that are designed to be lightweight and energy-efficient, potentially reducing site deployment costs and energy use by over 40% for operators. These products support technologies like NR, LTE, NB-IoT, and MSR-GSM, featuring full O-RAN compliance. The company's business model is centered on providing an open, end-to-end wireless base station system that allows for more flexible and rapid application deployment compared to traditional systems. This approach targets applications for smart cities, smart factories, and intelligent buildings. Zillnk serves a global clientele, with customer trials and commercial deployments in 13 countries. The firm operates through a combination of direct interaction and a remote working model, partnering with strategic suppliers like AMD to drive innovation. Zillnk has successfully secured significant funding to fuel its growth. In August 2026, the company announced the completion of a Series B financing round of several hundred million RMB, led by Shenzhen Venture Capital. These funds are allocated for in-house core chip research, the advancement of AI-RAN and 6G technology, and deeper expansion into overseas markets.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2019
Headquarters
Chengdu, China
Employees
20
Open positions
None listed
Dealroom signal
18.3/100
Industry
Semiconductors
Sector
Semiconductors, Smart Cities, Urban Tech, GaN (Gallium Nitride)
Business model
Manufacturing
Client focus
b2b

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES B✓Equity / VC Aug 2026 $28M $110M Suzhou Dongshan Precision Manufacturing · Wofo Capital · Shenzhen Capital Group ↗
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

Employees 20 total headcount
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Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇨🇳 China77.8%
🇦🇪 United Arab Emirates11.1%
🇯🇵 Japan11.1%
3 countries shown

Market sentiment

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