Recently, intelligent driving system solution supplier Anngic raised more than CNY 100 million from its C round financing, which is expected to be used to promote the application of ADAS.
On October 10, intelligent driving system solution supplier Anngic (Chinese: 安智杰) announced the completion of its C-round financing exceeding CNY 100 million (USD 14 million), which was co-invested by Shanghai SIIC Fund Management (Chinese: 上海国际创投) and Pivot Capital (Chinese: 支点科技成果转化基金). Most of the funds will be used for the R&D of ADAS and other related products.
Anngic, founded in 2014, is a sensor product supplier specializing in R&D of millimeter wave radar sensor (MMW) and vision sensors, as well as multi-sensor fusion. Its products are widely applied in smart cars, intelligent transportation and drones. Anngic is an ADAS supplier, too. It began to supply MMW to OEMs in 2016. In 2020, Anngic launched its high-performance 4D imaging radar and vision sensor, which are used for intelligent vehicles and supplied to OEMs.
Up to now, Anngic has reached strategic cooperation with many well-known OEMs including Dongfeng Motor (Chinese: 东风汽车), GWM (Chinese: 长城汽车) and Changan Auto (Chinese: 长安汽车). With its core technology in 4D vision sensors, Anngic aims to continue to build its innovation capacity and competitiveness, serve more OEMs and help promote the development of China's auto industry.