DeepRoute.ai, a Shenzhen, China-based AI company developing smart driving solutions, has raised $100 million in a strategic Series C1 funding round.
Investors
The round was backed by a prominent Chinese automotive OEM.
DeepRoute.ai Use of Funds
The funding will bolster research and development for DeepRoute IO, support collaborations with global automakers, and facilitate the recruitment of AI talent.
About DeepRoute.ai
Founded in 2019, DeepRoute.ai is an artificial intelligence company dedicated to the research, development, and application of smart driving solutions. The company’s flagship product, DeepRoute IO, integrates cutting-edge AI algorithms and real-time data processing to enhance the performance of autonomous vehicles. Headquartered in Shenzhen, with offices in Beijing and Fremont, California, DeepRoute.ai aims to create artificial general intelligence in robotics through mass-produced passenger vehicles.
Funding Details
Company: DeepRoute.ai, Ltd.
Raised: $100.0M
Round: Series C1
Funding Date: November 2024
Investors: Undisclosed
Company Website: https://www.deeproute.ai/
Software Category: AI Driving Solutions
Source: https://www.prnewswire.com/news-releases/deeprouteai-announces-major-series-c1-funding-strategic-investment-from-prestigious-chinese-automotive-oem-302295872.html