28th August 2023, automotive system software provider AutoCore.ai announces the completion of B1 round fundraising by Mizuho Leaguer Investment (MLI) fund, a co-GP USD fund established by Mizuho Financial Group and Shenzhen Leaguer Group, with investment strategy focusing on deep-tech field.
This marks the further recognition from international automotive community for AutoCore's product as well as market position. Another major step forward for wider penetration in Japanese market.
Hidetaku Matsuo, Partner of MLI says "The evolution of EE architecture is a one-way road and the demand for a safe and stable data transmission technology is significant, and that's why we believe the communication middleware will be one of the most fundamental and crucial parts of the car. AutoCore's solution stands competitive in the market, and we are amazed to see what AutoCore has achieved so far. We believe under Dr.Zhang's leadership, AutoCore's solution will benefit not only local OEMs but also more and more global clients in the future.”
Dr. Yang Zhang, Founder and Chairman of AutoCore.ai, says "we would like to take this opportunity to thank Mizuho Group and Mizuho Leaguer for their trust and belief in what we have been building for our wide customer base. We are looking forward to the planned collaboration in targeted Japan market in the near future, be the trusted partner to assist them confronting the challenges ahead."
MLI is a deep-tech USD fund co-founded by Mizuho Financial Group and Leaguer Group, which strategically leverages both Mizuho's rich client network in Japan and globally, and Leaguer's strong domestic exposure in the deep-tech field. MLI is focusing on investing in tech startups with unique competitive edges and China Angle. MLI's investment scope covers advanced manufacturing, smart cities, smart factories, new materials, new energy, etc. The fund aims to find startups that are highly competitive in both domestic and global markets, and help these startups become game-changers in their battlefields with ML's unique combination of resources.