Shulou(Shulou.com)11/24 Report--

CTOnews.com, Nov. 28, although there are still many users who do not like the so-called "autopilot" at this stage, there is no doubt that this is a ticket for the next track. For now, all manufacturers understand its importance. In this battlefield where there is no smoke of gunpowder, the major car companies are constantly recruiting for the future, for fear of being left behind.

The head player of the domestic car regulation chip, Xichi Technology, completed nearly 1 billion yuan B + round financing on November 28. This round of financing will be used to continuously improve its core technology, iteratively update vehicle specification chip products, strengthen large-scale mass production and service capacity, and accelerate the wider application of core products.

Core Technology is an automotive intelligent driving chip research and development company, mainly provides ADAS and self-driving and other products, to solve the field of intelligent driving chip problems, but also provides intelligent core processor research and development services, and this company is also the fastest mass production of automotive chip company, has reached cooperation with more than 200 domestic and foreign automotive industry chain ecological enterprises.

According to reports, this round of financing is led by SAIC Jinshi Innovation Industry Fund, with the participation of CITIC Securities Investment, Jiangsu Jinshi Transportation Science and Technology Industry Fund, Anhui Traffic Control Goldstone Investments, Guozhong Capital, Huatai Insurance, Qianhai Sairui and other institutions. Shanghai Kechuang, Zhangjiang Hi-Tech, Yunhui Capital, Hechuang Capital and other veteran shareholders continue to follow.

CTOnews.com learned that Xichi Technology has completed seven rounds of financing, including Walden International, Matrix Partners China, Sequoia Capital China, Lenovo Venture Capital and other institutions, as well as industrial capital such as Ningde era.

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