RHINO Tech, an innovative autonomous driving computing platform company, announced the completion of its angel+ round of financing worth hundreds of millions of CNY. This round of funding will be used for product development, mass production and market expansion to continue to make efforts to empower high-level intelligent driving.
RHINO Tech (Chinese: 辉羲智能) recently announced that it completed an angel+ round of financing worth hundreds of millions of CNY after bagging an angel round of financing. The investment was jointly led by Shunwei Capital (Chinese: 顺为资本) and Xiaomi Group (Chinese: 小米集团), and followed by CICV Industrial Fund (Chinese: 国汽投资), Lianxing Capital (Chinese: 连星资本), Cathay Capital (Chinese: 凯辉基金) and more. This round of funding will be used for product development, mass production and market expansion to continue to make efforts to empower high-level intelligent driving.
RHINO Tech is an innovative autonomous driving computing platform company which is dedicated to empowering the future of mobility by offering powerful automotive-grade chips as well as full-stack autonomous driving solutions. The company's disruptive 'Data-loop Defined Silicon' approach allows RHINO Tech to construct much more efficient silicon towards mass deployment of full autonomous driving.
Yan Zhu, Managing Partner of NIO Capital, said, "China is one of the largest electric vehicle markets in the world. The development of smart electric vehicles will lead to high growth in automotive semiconductors, and at the same time will reshape the entire semiconductor industry. RHINO Tech's founding team has a high level of industry knowledge and strategic execution, and we believe the company will become an influential industry leader in the future."