On September 24, 2019, autonomous driving start-up Deeproute.ai, announced the completion of nearly $50 million in Pre-A round financing. This round of financing was led by Fosun RZ Capital and followed by GSR Ventures, Yunqi Capital, Ventech China, and Songhe Capital.

"Ventech China team spotted the company and its incredible team from Day 1. Our due diligence on the company showed us that it has terrific potential. The company is now showing that this potential is becoming reality: First because new investors are giving all the necessary financial help to go far, and secondly because the company already won several big projects such as Military Olympic Games against all the players of this market. This is the beginning of a great story", Eric Huet said, a Managing Partner of Ventech China.

image.png

With a global background team, Deeproute has a research and development center in Shenzhen and Beijing. The core technical team brings together masters from Tsinghua University, Peking University, Cambridge, Colombia, Carnegie Mellon and other well-known universities across the world, as well as the R&D professionals who have worked in the world's top technology companies such as Google, Microsoft, Ford, Intel, GM, Cruise, Baidu, Huawei, and Tencent. The company's R&D staff accounts for up to 80% of the entire R&D chain of autopilots including perception, high-precision map and positioning, planning control, hardware systems, infrastructure, simulation, cloud computing, and storage. At present, Deeproute is at a high-speed development phase. It has applied its auto-driving full-stack solution in collaboration with automakers such as Dong Feng and initiated the cooperation in fleets operation with transport companies.

image.png

Since August 2019, Deeproute is the director member of Shenzhen Intelligent Networking Automobile Industry Innovation Promotion Association and the member of China Unicom 5G Application Innovation Alliance.