DeepRoute Raises $50m in Funding

DeepRouteDeepRoute, a Shenzen, China-based L4 full stack self-driving system provider, raised approx. $50m in funding.

The round was led by Foshun RZ Capital, with participation from GoldenSand Capital, Yunqi Partners, Ventech China and Green Pine Capital Partners.

The company intends to use the funds to continue to expand operations and its business reach.

DeepRoute is a full-stack solution provider focusing on L4 autonomous driving with a global presence. In self-driving algorithm, the company developed the early sensor fusion perception technology known as Early fusion. After the synchronization of time and location, the original data is fused. The output and correlation information between sensors is then integrated, which can stabilize the surrounding dynamic and static objects. The planning algorithm plans the most feasible and safest route according to the semantic maps and random scenarios and is also able to plan the time to turn, select the lane, make decision at crossroads, and achieve other driving behaviors efficiently.
DeepRoute’s research centers are located in Shenzhen, Beijing and Silicon Valley.

FinSMEs

04/10/2019

 

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