Recently, the smart car chip and solution company Oritek announced the completion of several hundred million yuan A1 round of financing. According to the plan, Oritek will build a 'whole car intelligence' chip base.
Recently, the smart car chip and solution company Oritek (Chinese: 欧冶半导体) announced the completion of several hundred million yuan A1 round of financing, this round of financing led SDIC Fund (Chinese: 国投创投), SAIC Venture Capital (Chinese: 上汽创投), Linxin Capital (Chinese: 临芯资本), SNDVC (Chinese: 苏高新创投), Forebright Capital (Chinese: 光远投资) and Qingke Capital (Chinese: 青稞资本) joint investment.
Oritek was established by the founding team and SDIC Fund, whose team members are from many world famous chip design companies, with an average experience of more than 15 years. According to the plan, Oritek will build a 'whole car intelligence' chip base.
Oritek provides system-level, serialized chips and solutions around the third-generation electrical and electronic architecture of smart cars. With industry-leading intelligent algorithms and flexible layered delivery of software and solutions,Oritek greatly reduces the development cost and on-board time for customers to develop new products and features.
According to Mr. Li Xiao, Managing Director of SDIC Fund, automotive intelligence is one of the most promising growth tracks in the semiconductor field in the future, and China's market advantage in the field of intelligent vehicles should be able to be transformed into a comprehensive advantage in the depth of the industry chain, cultivating automotive SoC chip companies with world-class competitive ability.
Mr. Li Xiao said that the Oritek team are all from many excellent chip design companies around the world, and we believe they can become pivotal players in the smart car chip field. China Investment Partners has a wide and deep layout in the smart car industry chain, and will continue to support Oritek's development and play a synergistic role among the invested companies to help the company grow better.