Xiaomi Car, or what should be the name of the company's first electric car, keep walking. Or rather, the project for the automobile does not stop. This is because the Chinese giant led by Lei Jun has decided to invest in a new company that has been working in the automotive sector for years. This is called Black Sesame. Let's look at the details that emerged a few days ago from Deal Street Asia.
The project for the Xiaomi Auto, or the electric car of the brand, continues with an investment in Black Sesame: autonomous driving with AI the strengths
The Chinese company Black Sesame Technologies, which develops processors for autonomous driving systems based on artificial intelligence, said its valuation was close to $ 2 billion after attracting "hundreds of millions of dollars" from several investors, including Xiaomi. The new capital was raised through strategic investments and two tranches of Series C capital injections.
Key investors include Hubei Xiaomi Yangtze River Industry Fund, Wingtech Technology, which collects smartphones for leading brands including Xiaomi, and intelligent vehicle manufacturer FulScience, a joint venture between Chinese automotive companies FAW Group, Fawer Automotive Parts and Huizhou Desay SV Automotive. In short, the interest in this company is a lot and also the telephony giant has decided to invest a good amount of money.
In this regard, we remind you that Xiaomi's investment is paryou of one roadmap launched in late March to enter the automotive sector with a new smart electric vehicle business. Founded in 2016, Black Sesame delivers mainly image processing, perception algorithms and System-on-Chip (SoC) design to enable autonomous driving. Having released two sets of AI chips for intelligent driving to date, the startup offers Level 2 and Level 3 Advanced Driver Assistance Systems (ADAS) and autonomous driving solutions to automotive companies such as Robert Bosch, SAIC Motor and BYD. .
