Recently, autonomous chip provider Huixi Zhineng received USD 50 million from angel round of financing, which was led by Xiaomi.
On December 9, autonomous chip provider Huixi Zhineng (Chinese: 辉曦智能) closed its angel round of financing exceeding USD 50 million, which was led by Xiaomi (Chinese: 小米), followed by China-ICV Investment (Chinese: 国汽投资), Cathay Capital (Chinese: 凯辉基金), MiraclePlus(Chinese: 奇绩创坛) and GSR Ventures (Chinese: 金沙江创投). Additionally, the project is valued at USD 200 million.
Huixi Zhineng is the developer of autonomous chips, co-founded by Ningyi Xu, Guanghui He and Jianyong Zhang in April 2022.
Regarding its founders, it is noted that Ningyi Xu and Guanghui He graduated from Tsinghua University. At the same time, Jiangyong Zhang used to be the vice president of the autonomous department in NIO.
Nowadays, intelligent driving gradually evolves to a higher level, requiring auto-grade chips' computing power. It is acknowledged that L4 autonomous driving demands chips with computing power between 500 and 1000 Tops.
Besides, Huixi Zhineng is committed to producing automatic driving chips with high computing power of more than 200 Tops, mainly for L2 and above automatic driving scenarios. Also, its first chip is expected to go into mass production in 2024.
In the future, Huixi Zhineng will increase investment in talent building, product R&D and market expansion.