Apr 02, 2021 10:02 AM (GMT+8) · EqualOcean
Recently, Beijing xingyidao Technology Co., Ltd. (hereinafter referred to as "xingyidao") announced that it has obtained nearly 100 million yuan of round C financing. This round of financing is led by the big data industry fund of Jianding (Wuxi) Electronics Co., Ltd. and Jiangsu Yueda Jintai Fund Management Co., Ltd. The fund will be used for the large-scale mass production line construction and product innovation R & D investment of vehicle mounted millimeter wave radar front loading project, focusing on improving the environmental perception ability of intelligent vehicles, supporting and promoting the advancement and commercialization of auto driving technology. Xingyidao was founded at the end of 2014 by Dr. Zhao Jie from the Institute of electronics, Chinese Academy of Sciences. In 2020, xingyidao has made substantial progress in the AEB field of front loaded passenger cars. After competing with the world-class millimeter wave radar suppliers, it has successfully obtained the fixed-point qualification of ADAS system radar supplier of an Asian car company, with the contract value of more than 500 million yuan.

This text is a result of machine translation.