China’s LiDAR maker SureStar bags 180 million yuan

Beijing (Gasgoo)- Chinese LiDAR supplier SureStar announced on January 28 it raised 180 million yuan to support the company’s vigorous deployment in LiDAR mass production and application. 

The fresh round was led by Hui Capital, said the company.

    Photo credit: SureStar

Founded in 2005, SureStar focuses on the development of LiDAR products and applications in the automotive electronics and digital twin fields. The company is dedicated to providing clients with more efficient, more accurate, and richer real-world 3D data and industrial solutions.

According to general manager of SureStar, Zhang Zhiwu, SureStar appreciates Hui Capital's deep insight and pragmatism into the industry, while Hui Capital values the SureStar team's vision that "the core competitiveness of the company equals product strength and cost strength", as well as the team's 20-year experience accumulation in LiDAR R&D, five kinds of self-developed chip products, practical business strategy, and standardized company operation. 

The company’s CK128 solid-state LiDAR has passed the vehicle regulation compliance validation by major automobile enterprises. The measurement-oriented LiDAR systems based on airborne, vehicle-mounted, and ground platforms can be applied to high-precision spatial information collection application scenarios such as high-precision maps, smart cities, power inspection, security monitoring, survey and mapping, as well as industrial automation.