AI startup Minieye secured ¥270 Million in Funding

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Minieye

Minieye, a Chinese company that focuses on the development of sensing systems for autonomous driving, has now secured RMB 270 million in a Series C funding round.

Minieye is founded by Dr. Liu Guoqing. It aims to implement Artificial Intelligence to offer reliable sensing and decision making solutions for autonomous driving.

The company focuses highly on improving the automation degree and, at the same point of time, reducing the accident rate and guaranteeing the safety of both the drivers and passengers.

Minieye's Latest Funding

The round was backed by the Oriental Fortune Capital, Vision+ Capital, Harvest Fund, and NavInfo.

The company, as of now, has plans to use the fresh funds to relieve the pressure on the supply chain caused by mass delivery and to increase the cash reserve, and keep investing in research and development (R&D) of advanced autonomous driving technologies.

The company provides products from phase L0 to phase L3 and serves more than 20 customers, which includes Ford, BYD, Dongfeng, JAC, JMC, SAIC, SINOTRUK, etc.

The company has a wide range of products which offer both the before the market and aftermarket. This would mean that a huge amount of data will be generated.

PC: Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details
Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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