Jimu Intelligent completes Series B funding
Chinese intelligent driving solution provider Jimu Intelligent announced it has completed a Series B funding round and raised more than $15 million. The funding round was led by Translink Capital; participants were Hyundai Motor Company, Estar Capital, HGC, Yucheng Fund, and Optics Valley Elite Fund.
Established in 2011, Jimu Intelligent is an artificial intelligence company dedicated to the R&D and application of intelligent driving, providing Level 0 to Level 3 intelligent driving solutions and derivative data products and services.
Jimu Intelligent says it has become the exclusive solution provider for more than 50% of the top 15 bus manufacturers in China, supplying solutions to companies including Higer, Golden Dragon, Youngman Bus, Yinlong, Sunlong Bus, Wanxiang Auto, Weichai Power, and CRRC Times.
In the passenger vehicle arena, Jimu Intelligent says it is cooperating with global top OEMs and Tier 1 suppliers in diverse scenarios. While in the aftermarket area, Jimu Intelligent says it is centered on providing solutions for fleets, intelligent buses, and commercial vehicle insurance industries. Its products have passed relevant oversea technology standards and are exported to overseas markets including Korea, Singapore, and Indonesia.
Jimu Intelligent’s driving solutions use sensors such as cameras, radar, and LiDAR to perceive the driving environment, including vehicles, lanes, pedestrians, traffic signs, free space, and driver status. The algorithm is optimized for the perception of many local driving situations so that it can function stably and deliver high detection accuracy, even in complex scenarios.
The solutions to the segments it serves vary in sensor types to meet different application requirements. Solution features range from collision warning to vehicle control, including detection of vehicles and pedestrians, free space, automatic emergency brake, lane keeping assist, adaptive cruise control, driver status detection, and driver identification.
Jianwei Cheng, CEO of Jimu Intelligent, said, "Automobile intelligence is a golden opportunity, and the China market is growing rapidly. In the face of opportunities, we must always maintain a keen insight, and also be steadfast in the perfection of our technologies and products. Thanks to TransLink Capital and other investors for their recognition of our team, we will always remember where and why we start, and continue to accelerate the development of intelligent driving technologies and its commercialization journey."