Black Sesame Technologies Breaks $500M in Round-C Funding
On August 8, Black Sesame Technologies, an autonomous driving computer chip company, announced its completion of round-C+ financing led by SummitView Capital and followed by Industrial Bank Group, GF Xinde Investment Management, Hina Group Fund, Northbeta Yinuo Capital, Xingding Capital, Ei Camino Capital and Yangzijiang Fund.
Black Sesame Technologies has now completed C and C+ rounds of financing, raising a total of over $500 million. After the funding round, the company will further enhance its core technology, chip product development and commercialization capabilities, and speed up the mass production application of its self-driving chips.
Black Sesame Technologies focuses on high computing power autonomous driving computing chips and platform technology. It has advantages such as composite team in automotive and chip industry, an open ecology and business model, and self-developed core technology.
Black Sesame Technologies’ solutions include: self-developed auto-grade Image Signal Processing (ISP) and auto-grade deep neural processing unit (NPU), Huashan series automated driving calculation chip, Shanhai AI development platform, Hanhai automated driving middleware, algorithm and Data Best data closed-loop solution.
It has full-stack sensing algorithm mass production capabilities, and can provide customer algorithm customization service. The company supports third party algorithm transplantation, multiple algorithm delivery methods and other business models. Its Huashan II A1000 series chip is the first mass-produced domestic chip platform that complies with vehicle regulations. Compared with other chips, Huashan II has the largest arithmetic power, the strongest performance, and single-chip support for the integrated domain controller of travel and parking.
SEE ALSO: Black Sesame Technologies’ A1000 Chip to Begin Mass Production This Year
Dr. Wu Ping, the founding partner of SummitView Capital, said: “SummitView Capital has been focusing on professional investment in key and core technology and semiconductors. We believe that professionalism makes an industry. Nowadays, chip arithmetic power has become an important part of the competition in the automotive industry. We are very pleased to see that Black Sesame’s self-researched Huashan II A1000 series large arithmetic chip is already in mass production and used in cars. This is of great significance to consolidate the local industry chain and supply chain of autonomous driving.”