Autonomous driving algorithm developer JueFX completes new financing round

Beijing (Gasgoo)- China’s autonomous driving startup JueFX announced on November 9 the completion of its latest financing round, which raised the company nearly one hundred million yuan.

Photo credit: JueFX

The fresh round was led by Min Yin International Investment, and also attracted JueFX’s existing shareholder Hygoal Capital, and several other organizations. According to the startup, the proceeds raised will be put towards the R&D and iteration of JueFX’s new-generation autonomous driving integrated computing technology, as well as the fulfilment of the company’s mass production procurement orders. 

JueFX is a leading service provider focusing on autonomous driving perception algorithms and C-V2X cloud solutions. Using multi-sensor fusion computing as the core technology approach, the company offers cross-scenario, cross-platform, and cross-terminal intelligent driving solutions under passenger vehicle mobility, trunkline logistics, and urban terminal application scenarios.

The company’s integrated perception system has covered both the vehicle end and the road end, forming a full-stack production-ready autonomous driving scheme with closed-loop capability of perception, decision, and data. Its solutions have attracted several big-name entities, including Huawei, China Mobile, and Yutong Bus. Meanwhile, JueFX is also a member of ARM AI Ecosystem Consortium, Microsoft Accelerator, and NVIDIA Inception Program.