According to news on June 10, Shenzhen Tensor Technology Co., Ltd. (hereinafter referred to as: Tensortec), which focuses on AI intelligent driving innovation, recently completed tens of millions of yuan in Series A financing. It is understood that this round of financing was led by Qualcomm Ventures, and was followed by Founder Hesheng, Fenfen Capital, and Dingqing Venture Capital. Among them, Founder Hesheng, as the lead investor in the Pre-A round of financing, continued to increase investment in this round. Tensortec CEO Xie Xiyu said that this financing will be mainly used to increase technology research and development, strengthen key technology innovation, and accelerate the expansion of the AI intelligent driving market. At present, Tensortec has in-depth cooperation with a number of universities, scientific research institutes, etc. to develop new artificial intelligence perception technology and accelerate the digital upgrading of the automotive industry.
It is understood that Tensortec was founded in October 2017. It is committed to the development of technological innovation and application of intelligent driving and intelligent transportation vertical industries on the 5G track. It focuses on AI intelligent driving and the application of new generation intelligent car networking platforms. It is China’s focus on high-end The company with the earliest accumulation of technology in the field of assisted driving. At present, the business has been carried out in more than 20 provinces in China and more than 10 overseas countries, covering logistics vehicles, passenger buses, taxis, online ride-hailing, engineering vehicles, pre-loading plants and other fields.
According to Xie Xiyu, the founding team of Tensortec are all from Huawei, one of the world's top 100 technology companies. In 2017, it received angel round investment from the fund owned by Professor Li Zexiang, co-sponsor of Songshan Lake Robot Industry Base and professor at Hong Kong University of Science and Technology.
It is reported that Tensortec has more than 26 domestic and foreign patents in AI intelligent driving systems and other aspects, and has formed a complete solution system from equipment to platform. In addition, the company has in-depth cooperation with universities, scientific research institutes, etc. to develop new artificial intelligence sensing ends and accelerate industrial upgrading.
Xie Xiyu said that the reason why he chose this smart driving segment is that, first, China’s smart driving field will have tens of billions of market space in the future; second, the smart driving field is not just about breakthroughs in algorithms and technology, but also requires breakthroughs in algorithms and technology. Integrate chips, devices, platforms, applications, etc. to achieve end-to-end connectivity. This round of financing enables the company to further strengthen technological innovation and accelerate the global deployment of intelligent driving technology.
