The autonomous driving solution provider, Xingshen Intelligent Technology Co., has recently closed the A+ round of funding. The funds would be mainly used for R&D, sales and marketing, and other business-related aspects
It is reported that the autonomous driving company, Changsha Xingshen Intelligent Technology Co. (hereinafter refered：GoFurther.AI) (Chinese: 行深智能), announced they had closed an A+ round of financing; this round of funding was co-led by Xing Xiang Capital (Chinese: 兴湘资本) and Ruizhu Capital (Chinese:睿住资本). Sanyi Venture Capital(Chinese: 三一创投), Hunan Caixin Capital(Chinese:湖南财信), Jiayuan Capital (Chinese:嘉远资本), and other participating investments followed. The proceeds will be mainly used in product development, marketing & sales.
Before this A+ round of financing, GoFurther.AI had completed A round of funding with CNY100 million (USD 15.3 million), which was co-invested by Yuanfang Fund, Yannan Artificial Intelligence Industry Fund, Honghao Capital, and YoubiXuan Co..
GoFurther.AI, founded in 2017, is a China’s provider of self-driving solutions and intelligent logistics products, delivering automated driving vehicles, robots, intelligent driving kits, etc. products. The core team members come from well-known universities and have rich experience in full-stack R&D design and engineering capabilities in the autonomous driving field.
GoFurther.AI can provide L4 automated driving level vehicles developed by themselves in various end logistics application scenarios, including smart campuses, smart parks, smart science spots, smart factories, hospitals, etc. GoFurther.AI can even provide cargo cabinets according to business scenarios, including retail cabinets, express cabinets, fast food cabinets, extermination cabinets, and logistics cabinets, to satisfy clients’ specific needs.