DeepRoute raises $50m for AV research
DeepRoute, a self-driving vehicle tech start-up, has announced it has raised US$50m in its pre-Series A funding round to expand the global presence of the company's autonomous driving solutions.
The financing round was led by Fosun RZ Capital, a Beijing-based venture capital arm of Chinese conglomerate Fosun International.
The company said the funds will enable DeepRoute to accelerate the research and development of autonomous technologies for passenger vehicles.
With research centers in Shenzhen, Beijing and Silicon Valley, DeepRoute is specializes in Level 4 autonomous driving solutions. The company is dedicated to designing comprehensive self-driving technologies including sensors, high-definition mapping and positioning, and machine-learning, in addition to products like hardware systems, infrastructure, and simulators.
DeepRoute says it has worked alongside some of the world's leading OEMs to provide a full-stack self-driving system and with automobile manufacturers to offer self-driving operation fleets.