Autopilot company Jingchi raised $52 million, and Nvidia also voted

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On September 26, 2017, China's driverless enterprise Jingchi Technology announced the completion of the Pre-A round of financing of 52 million US dollars. This round of financing was led by Qiming Ventures, and Huachuang Capital participated in the joint investment as a major investor and NVIDIA GPU Ventures, as well as some institutions and individuals. Qi Mingping, the managing partner of Qiming, will join the board of directors of Jingchi. Let's take a look at the related content with the car electronics editor.

Established in early April 2017, Jingchi has broken several records in the short history of unmanned driving. In less than five weeks, Jingchi completed the first unmanned test of the closed field. On June 18th, Jingchi became the 34th company to receive a California unmanned vehicle test license. On June 24, only 81 days after the company was founded, Jingchi completed the first driverless test on the open road in Sunnyvale, California.

On August 15, 2017, Jingchi signed a comprehensive agreement with Anqing City, Anhui Province, to allow Jingchi to launch 50 unmanned vehicles for operational testing in Anqing before the end of 2017. In 2018, Jingchi plans to provide hundreds of NVIDIA DRIVE PX-equipped unmanned vehicles in Anqing to provide "robot taxi" car service.

“We are committed to creating an innovative smart travel ecosystem that will make the public safer, more efficient, more economical and more comfortable.” Jing Jin, founder and CEO of Jingchi, said, “We look forward to fully automatic in 2020. People drive cars into Chinese cities and become the first companies in the world to be able to scale unmanned technology for commercial applications. This investment has brought us one step closer to our dreams."

“The NVIDIA DRIVE PX artificial intelligence vehicle computing platform is critical to the development of deep learning capabilities in Jingchi and other unmanned projects around the world,” said Han Xu, co-founder and CTO of Jingchi. “The computing advantages offered by NVIDIA can Significantly improve on-board computing power, making Jingchi's unmanned vehicles safer and more reliable. Jingchi is looking forward to cooperating with NVIDIA to maximize the advantages of DRIVE PX and realize our vision of bringing self-driving travel services to China. With NVIDIA Cooperation and investment, Jingchi can further accelerate the technical research and development of unmanned vehicles."

“In the past few years, Qiming has been closely watching the development of artificial intelligence and autonomous driving. We firmly believe that these technologies will completely change human life in the future,” said Qi Ziping, the managing partner of Qiming. “Wang Jin and Jingchi Team have made us Impressed. We are honored to start this journey with the Jingchi team from the beginning, and we will help Jingchi become the first company in the world to bring autonomous driving to the mass market."

Jeff Herbst, vice president of business development at NVIDIA, said: "Artificial intelligence is reshaping the entire transportation industry. We are excited about the vision of Jingchi to develop unmanned technology with deep learning. They have made remarkable progress and we will fully support it. The work they did.

“Anqing is a historical and cultural city and is currently accelerating its development. In the process of national industrial transformation, the municipal government vigorously develops and supports strategic emerging industries,” said Dong Lei, deputy mayor of Anqing City. “The State Council has released the “New Generation Artificial Intelligence Development Plan”. We will fully support the leading enterprise of artificial intelligence, Jingchi Technology, to settle in Anqing, support the research and development and testing of Jingchi Technology in Anqing, and jointly build a demonstration city for unmanned vehicle operation. ”

Jingchi is a fast-growing driverless technology company. Currently with offices in China and the United States, with more than 50 employees, more than 80% of whom are engineers, most of whom have Carnegie Mellon University, Illinois Champaign, Stanford University, University of California at Berkeley, South Ph.D. from top universities such as the University of California. The core technical team has decades of comprehensive experience in the field of driverless driving. Many members come from Baidu, Shenzhou, Didi, Uber, Tesla and other companies.

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