On August 8th, Hei Zhima Intelligence announced the completion of its C+ round financing. This financing was led by Wuyuefeng Science and Technology Innovation, and followed by institutional investors such as Xingye Bank Group, GF Xinde, Hanergy Fund, Beituoyinuo Capital, NewDing Capital, Zhilu Capital, and Yangtze River Fund.
Up to now, Hei Zhima has completed both C round and C+ round financing, with a total scale of over 500 million US dollars.
The financing will bring competitive advantages. Hei Zhima stated that after the completion of this round of financing, it will further improve its core technology, chip product research and development, and commercialization capabilities, comprehensively accelerate the mass production and application of its autonomous driving chips.
Earlier, in September 2021, Hei Zhima Intelligence completed hundreds of millions of dollars in strategic rounds and C rounds of financing. The strategic round included investments from domestic industry leaders such as Xiaomi Changjiang Industry Fund and Fusi Automobile; the C round of financing was led by Xiaomi Changjiang Industrial Fund and followed by Wentai Zhan Tou and others. After this round of financing, Hei Zhima’s valuation has approached 2 billion US dollars, making it a unicorn in the automotive chip field.
This is also Xiaomi’s first investment in the automotive chip sector since announcing their entry into the auto manufacturing industry. Xiaomi Automobile has announced the development of its L4 level autonomous driving system, and their collaboration with Hei Zhima Intelligence will help them fill in the gaps. In the future, Xiaomi Automobile is likely to use Hei Zhima’s autonomous driving calculation chip and research and development platform.
Currently, Hei Zhima Intelligence has conducted business cooperation on L2/3 level ADAS and autonomous driving perception system solutions with China FAW, Bosch, SAIC, Baidu, Dongfeng Yueda, T3, Junlian Zhixing, China Science and Technology Innovation, and Aptoide, among others.
In addition, Hei Zhima Intelligence has already released a series of chips, including the Huashan A500, Huashan A1000, and Huashan A1000 Pro, with products that cover autonomous driving scenarios from L2 to L4 level. The Huashan A1000 Pro single-chip computing power can reach 196 TOPS, and can support advanced level autonomous driving functions, seamlessly connecting parking, city and high-speed scenarios. In the future, they will continue to utilize local ecological resources to develop its core autonomous driving technology.
Finally## Introduction
Black Sesame Intelligent Technology Co., Ltd. was established in 2016, with research and development and sales centers located in Wuhan, Silicon Valley, Shanghai, Chengdu, Shenzhen, Chongqing, and Singapore. Currently, the company has more than 500 employees, with core team members coming from industry-leading companies such as Bosch, OV, and NVIDIA, with an average of more than 15 years of industry experience.
Smart Driving and Intelligent Solutions
In China and abroad, smart driving will enter a period of high-speed development in the next 3-5 years, with high-performance automatic driving chips becoming a must-have. At the same time, as Chinese brand automakers are in a leading position in terms of intelligentization, we also hope that after completing the C-round and C+ round of financing with a total scale of more than 500 million US dollars, Black Sesame can bring more intelligent solutions to Chinese automakers.
Source: Black Sesame Intelligent Technology Co., Ltd.
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