Recently, the intelligent driving high-efficiency computing solution provider "Superstar Future" officially announced the completion of the second delivery of nearly 100 million yuan in A2 financing. Investors include Guochuang Future Fund, GF Qianhe, Yunshi Capital, Infinity Fund SEE Fund, etc. The funds will be used to develop a new generation of intelligent driving computing architecture and perception solutions, expand the mass production market, and reserve outstanding talents.
It is reported that Chaoxing Future announced in March this year that it had completed a round of A2 financing led by Gaoyuan Capital. After the completion of this delivery, the cumulative financing amount of Chaoxing Future Series A has exceeded 200 million yuan. In the capital winter, Chaoxing will still be recognized by a group of excellent automobile and semiconductor industrial capital in the future, which shows its own strength.
Image source: Chaoxing Future
Chaoxing Future was established in April 2019 and was jointly established by Tsinghua University Vehicle and Carrier College and the Department of Electronic Engineering. The core members are from Tsinghua University , Peking University , Imperial University, Aachen University and other international famous schools. They have worked in well-known enterprises in the industry such as Huawei , Baidu , Jingwei Hengrun , Momenta, AMD , Cambrian and other industries. They have average experience of more than 10 years, and have solid R&D capabilities and rich mass production experience.
Chaoxing Future has industry-leading computing architecture design capabilities and algorithm optimization capabilities. With the core idea of software and hardware collaborative optimization, it is mainly aimed at customers such as OEMs, Tier1, autonomous driving solution providers, etc., providing intelligent driving high-energy-efficient computing solutions that integrate software and hardware, including AI computing architecture, optimization deployment software, multi-source fusion three-dimensional perception solutions, etc.
Image source: Chaoxing Future
In the product layout, Chaoxing Future has successfully launched a number of products such as intelligent driving computing platform, automatic model optimization tool, point cloud algorithm optimization acceleration and deployment tool, customized acceleration IP library, high-reliability system software, etc., forming a software and hardware collaboration system of "basic platform-software tools-perception solution".
At the hardware level, in response to the perception performance requirements of future intelligent driving, the series of accelerated IPs designed by Chaoxing Future can achieve up to 50 times performance improvements for vision and lidar positioning and perception algorithms. At the same time, at the software level, the unique automatic model optimization tool can greatly reduce the computing power requirements of the model and achieve tens of times performance improvement. The first three-dimensional perception technology has realized the rapid deployment and real-time inference of point cloud algorithms on embedded computing platforms, solving the long-standing pain points of the industry.
Image source: Chaoxing Future
Based on this, Chaoxing Future provides customers with a computing platform solution for multiple scenarios in the field of intelligent driving, and is equipped with high-reliable system software, compatible with AUTOSAR AP & CP standards, meeting the requirements of the next generation of automotive E/E architecture. Based on an efficient and reliable computing platform solution, Chaoxing Future has supported the demonstration application of autonomous driving of multiple models of key projects such as the Ministry of Science and Technology's 13th Five-Year Plan and the Beijing "Science and Technology Winter Olympics" key project, and further advanced to mass production to realize a multi-source integrated three-dimensional perception solution for the next generation of intelligent driving. It has currently participated in the mass production project of a certain car factory and achieved large-scale implementation in application scenarios such as vehicle-road collaboration.
Superstar Future CEO Liang Shuang said:
Thanks to all investors for their recognition and support for Chaoxing Future. Chaoxing Future will unswervingly deepen its efforts in the field of high-energy-efficient computing for intelligent driving, seek progress while maintaining stability, and keeping integrity and innovation. We will adhere to independent research and development of core technologies, focus on the high-efficiency AI computing that the team is best at, and provide customers in different positions in the entire intelligent driving industry chain with products that match demand and match shapes. In commercial implementation, we will further strengthen cooperation with OEMs and Tier1, deeply explore the mass production needs of intelligent driving pre-installation, and provide more efficient, more reliable, and mass-produced intelligent driving high-efficiency computing solutions to help the industry develop rapidly.
Investor's message:
Guochuang Future Fund
Guochuang Future Fund focuses on the new energy vehicle industry and mainly invests in projects with major scientific discoveries, major scientific and technological achievements in the industry or with major industrial prospects to help projects accelerate the industrialization process. Chaoxing Future was jointly established by the two major departments of Tsinghua University. Under the leadership of two well-known professors, it has always adhered to domestic independent and integrated innovation, deeply integrated high-efficiency computing technology and intelligent driving needs, and created a series of high-reliability, high safety and high stability products and solutions that meet the needs of intelligent driving, bringing new impetus to the development of the industry. Through this investment, the in-depth cooperation between Guochuang Future Fund and Tsinghua University and my country's outstanding independent and controllable chip companies will be further deepened, and the industry will be witnessed together.
GFanhe
Intelligent driving application has the potential to lead a new round of changes in the automotive and travel industries. In this track, we pay more attention to enterprises with differentiated development positioning and sustainable growth. Chaoxing Future's team not only has rich R&D experience, but also has leading product concepts. It quickly, ruthlessly and accurately entered this field with its top computing architecture design capabilities and first-class algorithm optimization capabilities, directly hitting the pain points of hardware acceleration and point cloud perception in intelligent driving applications, and the intelligent driving high-efficiency computing solution created has also achieved good business results. In the future, GF Qianhe will work together with Chaoxing Future to help Chaoxing Future lead the industry development with its unique technological advantages and solutions.
Cloud time Capital
Cloud time Capital is always looking for structural opportunities brought about by the collision of technological changes and changes in terminal demand. Under the general trend of accelerated popularization of intelligent driving, Yunshi Capital is optimistic about the future layout and development of Chaoxing. After several years of accumulation, Chaoxing has a deep understanding of the development trend of intelligent driving technology in the future. Its optimization acceleration and deployment technology for 3D perception is the first in the industry and will accelerate the implementation of high-level intelligent driving. In the future, Yunshi Capital will give full play to its own advantages and coordinate industrial resources to empower and support Chaoxing's future development.
Unlimited Fund SEE Fund
Combined with our experience in continuing to invest in electronic information hard technology companies, this is a very special team. First of all, Chaoxing's future software and hardware optimization capabilities come from the transformation of scientific and technological achievements of Tsinghua , which can be regarded as the world's first-class level in the academic and industry, which will form a rare moat in future development. In addition, cross-border cross-gene is the unique advantage of Superstar in the future, which is in line with our investment logic that we have always attached importance to cross-fields and application scenarios. Finally, although this team is very young, it has shown strong qualitativeness and resilience, which are traits that we value very much. We believe that the company's deep insights into automobiles and electronics will be transformed into market-leading innovative products, Superstar future, and the future is promising.
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