Chinese driver-assist startup announces $100 million in funding, touts ‘deep cooperation' with Nvidia [CNBC]
GREAT WALL MOTOR CO ADR (GWLLY)
NASDAQ:AMEX Investor Relations:
gwm-global.com/investor-relations/announcement.html
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Source: CNBC
Pitchbook data showed Chinese company Great Wall Motor led the investment. The startup is also in “deep cooperation” with Nvidia, Maxwell Zhou, CEO of DeepRoute.ai, told reporters Tuesday in Mandarin, translated by CNBC. BEIJING — Deeproute.ai, a Chinese startup developing autonomous driving systems, announced a $100 million funding round Tuesday from an undisclosed automaker, while emphasizing close ties with chipmaker Nvidia Pitchbook data showed Chinese company Great Wall Motor led the investment. It's been difficult to obtain financing, especially from a non-government source, Maxwell Zhou, CEO of DeepRoute.ai, told reporters Tuesday in Mandarin, translated by CNBC. The startup is also in “deep cooperation” with Nvidia, Zhou said, noting “in-depth discussions” with the chipmaker's CEO Jensen Huang. Zhou spoke on “ Commercializing mass-produced autonomous driving solutions ” at Nvidia's closely watched GTC AI conference in March. Shenzhen-based Deeproute said it uses
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