Chinese driver-assist startup announces $100 million in funding, touts 'deep cooperation' with Nvidia

Published On Nov 5, 2024, 1:18 AM

Deeproute.ai, a Chinese autonomous driving startup, has raised $100 million in funding led by Great Wall Motor. The company's CEO highlighted its strong partnership with Nvidia, emphasizing the use of Nvidia's Orin and upcoming Thor chips in their systems. Deeproute currently operates in over 20,000 vehicles in China and aims to significantly increase that number. The startup is also positioning itself alongside competitors like Tesla in utilizing AI-driven approaches to enhance its driver-assist technology, without relying on detailed HD maps, which can be costly to produce.

Stock Forecasts

Deeproute's close collaboration with Nvidia, a leader in AI chips for autonomous driving, positions it well for future growth, particularly as more vehicles incorporating its technology hit the road. The demand for AI-driven automation and driver assistance systems in China is growing, and Deeproute's unique offering could capture significant market share. Potential IPO discussions and international expansions might also attract investor interest.

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