AutoCore.ai secures B1 round funding led by MLI

Beijing (Gasgoo)- On August 28, 2023, AutoCore.ai (AutoCore), a Chinese provider of automotive system software, announced the successful completion of its B1 round fundraising. 

Photo credit: AutoCore.ai

The funding was led by Mizuho Leaguer Investment (MLI) fund, a co-GP USD fund established through collaboration between Mizuho Financial Group and Shenzhen Leaguer Group. MLI focuses on investments in the deep-tech field, reflecting a strategic emphasis on cutting-edge technology.

This significant milestone underscores the growing global recognition of AutoCore's products and its expanding market presence. The investment also represents a substantial stride towards establishing a stronger foothold in the Japanese automotive market.

Hidetaku Matsuo, Partner of MLI, emphasized the crucial role of communication middleware in the evolution of EE architecture. Matsuo highlighted the pressing need for secure and stable data transmission technology, which AutoCore's solution effectively addresses. Matsuo expressed admiration for AutoCore's accomplishments and expressed confidence in the leadership of Dr. Yang Zhang, foreseeing benefits for local OEMs and international clients alike.

Dr. Yang Zhang, Founder and Chairman of AutoCore.ai, expressed gratitude to Mizuho Group and Mizuho Leaguer for their belief and support in the company's mission. He eagerly anticipates collaboration in the targeted Japanese market and aims to be a dependable partner in navigating future challenges for their clientele. This strategic partnership signifies a step closer to realizing AutoCore's vision of transformative automotive technology.