Focusing on smart driving, Tensortecnets tens of millions of yuan in Series A round

AI smart driving startup Tensortec has recently completed tens of millions of yuan in Series A financing round. This round was led by Qualcomm Ventures, with participation from Founder H Fund, Fenghou Capital and Dingqing Investment Management.

AI smart driving startup Tensortec has recently completed tens of millions of yuan in Series A financing round. This round was led by Qualcomm Ventures, with participation from Founder H Fund, Fenghou Capital and Dingqing Investment Management.

Xie Xiyu, CEO of Tensortec, said that proceeds from the financing round will mainly be used to increase technology research and development, strengthen key technological innovation, and accelerate the expansion of the AI smart driving market. Qualcomm Ventures said it hopes to deploy an intelligent cockpit ecology through this investment.

Tensortec was founded in October 2017, focusing on the development of intelligent driving, technological innovation and applications in the intelligent transportation vertical industry on the 5G track, as well as AI intelligent driving and the application of a new generation of intelligent car networking platform.

To date, the company’s business has been carried out in more than 20 provinces in China and more than 10 countries overseas, covering logistics vehicles, passenger buses, taxis, online car rental, engineering vehicles, front loading plants and other fields.

In addition, Tensortec has cooperated deeply with various universities and research institutes to develop new artificial intelligence perception technology. At present, the company holds more than 26 domestic and international patents in the AI intelligent driving system.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/14/focusing-on-smart-driving-tensortecnets-tens-of-millions-of-yuan-in-series-a-round/.

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