Recently, data solutions provider BodenAI completed its angel round of financing amounted to tens of millions of CNY, which is expected to be used on the R&D of autonomous driving data processing products
On September 30, BondenAI (Chinese: 博登智能) announced the completion of its angel round of financing worth tens of millions of CNY, invested by Zhejiang Jianshi Venture (Chinese: 浙江见识创业投资管理公司). Most of the money will be used to promote AI data labeling algorithms related to autonomous driving.
BodenAI, founded in 2019, is a Zhejing-based data solutions provider specializing in data collecting, data washing and AI data labeling. Its products have been applied in autonomous driving, new retail, intelligent transportation and smart government. The management of BodenAI has profound industry experience. Zhao Jie (Chinese: 赵捷) , BodenAI’s founder and CEO, once served as a senior algorithm engineer forBMW and have worked in the intelligent auto area for more than ten years.
Machines need to "learn" through data feeding, and the raw data must be labeled so the "learning process" can be effective. Meanwhile, the data-processing industry has been widely recognized as profit-low and labor-intensive. It is reported that millions of annotators are working on data labeling in China, but it is still not efficient enough. As autonomous driving approaches L3 and L4, which will produce massive raw data, AI labeling can help to achieve higher efficiency.
BodenAI will focus on unsupervised data processing R&D in the following 2 to 3 years and explore opportunities in the field of autonomous driving.