Since the fourth quarter of last year, the domestic capital market has gradually peaked and declined. Coupled with international conflicts, epidemics, inflation and other factors, various industries have been more or less affected, and the “capital winter” has been mentioned again. On this occasion, all companies that can successfully complete financing are among the best.
Recently, “Superstar Future”, a provider of high-efficiency computing solutions for intelligent driving, officially announced the completion of the second delivery of the A2 round of financing of nearly 100 million yuan. Investors include Guochuang Future Fund, GF Qianhe, Yunshi Capital, Infinite Fund SEE Fund, etc. . The funds will be used to develop a new generation of intelligent driving computing architecture and perception solutions, expand the mass production market, and reserve outstanding talents.
It is understood that Chaoxing Future announced the completion of the A2 round of financing of 100 million yuan led by Gaoyuan Capital in March this year. After the completion of this delivery, the cumulative amount of Chaoxing Future’s Series A financing has exceeded 200 million yuan.
Chaoxing Future was established in April 2019. It was jointly established by the School of Vehicles and Vehicles and the Department of Electronic Engineering of Tsinghua University. Baidu, Jingwei Hengrun, Momenta, AMD, Cambrian and other well-known companies in the industry have an average of more than 10 years of experience in the industry, with solid R&D capabilities and rich experience in mass production.
Superstar has industry-leading computing architecture design capabilities and algorithm optimization capabilities in the future, with software and hardware collaborative optimization as the core idea, mainly for OEMs, Tier 1, autonomous driving solution providers and other customers, providing AI computing architecture, optimized deployment software, multi-tasking Source fusion 3D perception solution and other software and hardware integrated intelligent driving energy-efficient computing solutions.
In terms of product layout, Chaoxing has successfully launched a number of products such as intelligent driving computing platform, automatic model optimization tool, point cloud algorithm optimization acceleration and deployment tool, customized acceleration IP library, high-reliability system software, etc., forming a “basic platform-software” The software and hardware coordination system of the tool-aware scheme.
At the hardware level, in response to the perception performance requirements of future intelligent driving, the series of acceleration IPs designed by Superstar in the future can improve the performance of algorithms such as vision and lidar positioning and perception by up to 50 times. At the same time, at the software level, the unique automatic model optimization tool can greatly reduce the computing power requirements of the model and achieve dozens of times of performance improvement. Real-time reasoning solves the industry’s long-standing pain points.
Based on this, Superstar will provide customers with multi-scenario computing platform solutions in the field of intelligent driving, and support high-reliability system software, compatible with AUTOSAR AP & CP standards, to meet the requirements of next-generation automotive E/E architecture.
Based on an efficient and reliable computing platform solution, Superstar has supported the autonomous driving demonstration applications of various models of key projects such as the 13th Five-Year Major Project of the Ministry of Science and Technology and the Beijing “Science and Technology Winter Olympics” key project, and will further develop into production to achieve The multi-source fusion 3D perception solution for the next generation of intelligent driving has been deeply involved in the pre-installation mass production project of a car factory, and has achieved large-scale implementation in application scenarios such as vehicle-road collaboration.
Liang Shuang, CEO of Chaoxing Future, said: Thanks to all investors for their recognition and support for Chaoxing Future, Chaoxing Future will unswervingly deepen the field of intelligent driving and high-efficiency computing, seek progress while maintaining stability, and maintain integrity and innovation. We will adhere to the independent research and development of core technologies, focus on the high-efficiency AI computing that the team is best at, and provide customers in different positions in the entire intelligent driving industry chain with products that match their needs and shapes. In terms of commercial implementation, we will also further strengthen cooperation with OEMs and Tier 1s, deeply explore the demand for intelligent driving pre-installation mass production, and provide more efficient, more reliable, and mass production-oriented intelligent driving high-efficiency computing solutions to help the industry quickly develop.
For this financing, Guochuang Future Fund said that Chaoxing Future was jointly established by two departments of Tsinghua University. Under the leadership of two well-known professors, it has always adhered to domestic independence and integrated innovation, and integrated high-efficiency computing technology and intelligent driving needs. The integration has created a series of products and solutions with high reliability, high safety and high stability that meet the needs of intelligent driving, bringing new momentum to the development of the industry. Through this investment, it will further deepen the in-depth cooperation between Guochuang Future Fund, Tsinghua University and my country’s outstanding enterprises in independent controllable chips.
GF Qianhe believes that the future team of Chaoxing is not only rich in R&D experience, but also has a leading product concept. It has entered this field quickly, ruthlessly and accurately with its top computing architecture design capabilities and first-class algorithm optimization capabilities, directly attacking hardware acceleration in intelligent driving applications. And the pain point of point cloud perception, the intelligent driving energy-efficient computing solution created has also achieved good commercial results. In the future, GF Qianhe will shape the growth with Chaoxing in the future, and help Chaoxing lead the development of the industry with unique technical advantages and solutions in the future.
Yunshi Capital has always been optimistic about the future of Chaoxing. It said that after several years of accumulation, Chaoxing has a deep understanding of the development trend of intelligent driving technology. Its optimized acceleration and deployment technology for 3D perception is the first in the industry and will accelerate high-level intelligent driving. landing. In the future, Yunshi Capital will give full play to its own advantages and coordinate industrial resources to support the future development of Chaoxing.
Unlimited Fund SEE Fund praised that Chaoxing Future is a very special team. First of all, Chaoxing’s future software and hardware optimization capabilities come from the transformation of Tsinghua’s scientific and technological achievements, which can be regarded as the world’s first-class level in the academic circles, which will constitute a rare moat in the future development. In addition, cross-border and cross-gene is a unique advantage of Chaoxing in the future, which is in line with our investment logic of attaching importance to cross-border fields and application scenarios. Finally, although the team is very young, it has already shown great character and resilience, traits we value very much.
Leifeng Network
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