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Chinese autonomous driving startup DeepRoute.ai secured a significant Series C1 round of $100 million, backed by a leading Chinese automotive manufacturer. The corporation has announced plans to utilize the allocated funds to enhance analysis and growth initiatives for its cutting-edge DeepRoute IO “end-to-end” model, designed to revolutionize autonomous driving capabilities.
The initiative aims to expand its partnerships with global automotive companies, explore opportunities in autonomous taxi services, and attract more talent with AI expertise.
“The strategic investment by the automaker serves as a testament to our company’s proven expertise, advanced maturity, and ability to efficiently scale up production,” remarked Maxwell Zhou, CEO of DeepRoute.ai. “We aim to capitalize on this momentum by expanding our market presence globally.”
“As I firmly believe, autonomous driving holds immense promise in realizing biological AI, making us a key player in the next AI era.” “We’re excited to partner with more friends on this adventure.”
Professional editor’s revised version:
DeepRoute.ai leverages its technology to expand automotive offerings.
DeepRoute.ai, a leading autonomous driving technology company, has secured approximately $450 million in funding so far, according to recent reports. The company successfully concluded a funding round of $300 million in September 2021.
Shenzhen, China-based NIO reported significant progress, having shipped around 20,000 vehicles since August. With this momentum set to persist, DeepRoute.ai is poised to unveil more than 10 new automotive designs in collaboration with select original equipment manufacturer partners by next year.
However, the highly anticipated next-generation DeepRoute, fuelled by an innovative visual language motion model, will make its debut in the coming year.
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Full OEM self-driving stack
Unlike traditional robotaxis reliant on pre-mapped data and confined to specific territories, DeepRoute.ai claimed its autonomous vehicle technology could enjoy greater scalability and reduced deployment costs due to its comprehensive expertise from start to finish. The company announced that its innovative good driving experience will now be available to individuals in diverse international locations, offering them unparalleled convenience.
The DeepRoute-Driver portfolio comprises software, hardware, and a cloud-based monitoring system. DeepRoute.ai’s fusion expertise enables precise detection of diverse objects at distances exceeding 200 meters. The corporation claims that the technology may effectively safeguard driving, regardless of weather conditions, nighttime, or other challenging circumstances.
- DeepRoute-Tite serves as the computing layer and cerebral hub of the system, processing information with precision and insight.
- DeepRoute-Syntric seamlessly integrates data from a diverse range of sensors throughout the vehicle, providing comprehensive input to the compute layer. DeepRoute.ai enables seamless integration with various sensors as per the requirements of car Original Equipment Manufacturers (OEMs).
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The DeepRoute-Imaginative camera is a forward-thinking innovation in digital camera technology, specifically designed to meet the unique demands of autonomous vehicle steering systems.
- A cloud-based monitoring system leverages 5G connectivity to enable real-time surveillance of vehicle operations, facilitating human-in-the-loop interventions to swiftly rescue vehicles in emergency situations.
The DeepRoute-Driver system is now available for widespread adoption, priced competitively at $1,000 to $2,000 per vehicle, contingent upon the specific original equipment manufacturer (OEM) components utilized. The corporation has discussed Original Equipment Manufacturer (OEM) customers that include Lincoln, Geely, Ford, and Dongfeng.
