DeepRoute.ai Raises $100 Million in Series C1

DeepRoute.ai Raises $100 Million in Series C1

DeepRoute.ai, a Shenzhen, China-based AI company developing smart driving solutions, has raised $100 million in a strategic Series C1 funding round.

The round was backed by a prominent Chinese automotive OEM.

The funding will bolster research and development for DeepRoute IO, support collaborations with global automakers, and facilitate the recruitment of AI talent.

Founded in 2019, DeepRoute.ai is an artificial intelligence company dedicated to the research, development, and application of smart driving solutions. The company’s flagship product, DeepRoute IO, integrates cutting-edge AI algorithms and real-time data processing to enhance the performance of autonomous vehicles. Headquartered in Shenzhen, with offices in Beijing and Fremont, California, DeepRoute.ai aims to create artificial general intelligence in robotics through mass-produced passenger vehicles.

Funding Details

Company: DeepRoute.ai, Ltd.

Raised: $100.0M

Round: Series C1

Funding Date: November 2024

Investors: Undisclosed

Company Website: https://www.deeproute.ai/

Software Category: AI Driving Solutions