Huixi Technology closes strategic financing round led by Jingwei HiRain

Beijing (Gasgoo)- Huixi Technology, the Chinese automotive computing platform developer, announced on July 11 the completion of a strategic financing with hundreds of millions of yuan raised. 

Photo credit: Huixi Technology

The financing was led by Jingwei HiRain, with participation from Everest VC, Timing Capital, and 37 Interactive Entertainment. Additionally, returning shareholder Lianxing Capital (name in Chinese pinyin) continued to increase its investment.

Of note, this marks Huixi Technology's second financing round disclosed so far this year. In February, the company secured a similar multi-million-yuan angel round and Series A financing led by Shunwei Capital and Xiaomi Group. Since its establishment in April 2022, Huixi Technology has completed a total of three financing rounds within a little over a year. The angel round was led by Genesis Capital and NIO Capital.

Moreover, Jingwei HiRain has also signed a strategic cooperation agreement with Huixi Technology. The two parties will focus on future intelligent transportation, jointly creating a mass-produced autonomous driving solution based on domestic high-performance System-on-Chip (SoC). This collaboration aims to help customers quickly achieve mass production and implementation of advanced autonomous driving features, including light map urban NOA function.

Huixi Technology was co-founded by Xu Ningyi, Zhang Jianyong, and He Guanghui. Zhang Jianyong, formerly the AVP of autonomous driving at NIO, served as the head of the development team for NIO's first-generation autonomous driver-assistance system and the platform engineering team for the second-generation autonomous driving system. Currently, Huixi Technology has R&D centers in Beijing, Shanghai, Hefei, Hangzhou, and other cities.

According to Huixi Technology’s plan, its first SoC solution targeting the next-generation urban NOA function is expected to go into mass production in 2024.