Intelligent driving solution developer MINIEYE closes Series E funding round

Beijing (Gasgoo)- Chinese intelligent driving solutions developer MINIEYE on November 6 revealed the successful completion of a Series E financing round with hundreds of millions of yuan raised.

Photo credit: MINIEYE

Notable investors in this round include Guangzhou Sui Kai Equity Investment, Guangzhou Industrial Investment Capital, UHD Industry Investment Fund, Boyuan Capital, Shanghai Jingfund Investment, etc., and existing shareholder Puhua Capital. 

The raised capital will be primarily utilized to expand the delivery scale of MINIEYE's intelligent driving products across domestic and international vehicle models, while expediting the R&D of advanced intelligent driving technologies.

Since its inception, MINIEYE has consistently centered its development around mass-producible intelligent driving solutions, actively adapting to the diverse demands of the end-user market. The company has already launched integrated devices and domain control products based on Texas Instruments' TDA4 series and Horizon's Journey series chips, both of which are in production. 

The company’s one-stop software and hardware solutions for parking and high-speed NOA have been successfully delivered, earning recognition from customers and consumers alike. In the field of intelligent cabins, MINIEYE's iCabin solution has been integrated into various domestic and joint-venture brand vehicle models, providing Chinese users with intelligent in-car experiences while expanding internationally.

Looking ahead, MINIEYE is set to accelerate the delivery of its intelligent driving products, enhancing market penetration and expanding its global reach. The company also plans to allocate more resources to develop advanced intelligent driving technologies, continuously refining practical ADAS features and delivering enhanced user experiences.