AutoCore is committed to the in-depth development of its core product, AutoCore.OS, a
high-performance functional safety middleware platform. Since the launch of its
first-generation product, AutoCore has, within a short period of time, earned
recognition and adoption from multiple OEMs as well as Tier 1 and Tier 2 suppliers
worldwide through its high-quality products and services.
AutoCore.ai announced the completion of a several-hundred-million-RMB Series A financing round, led by Foxconn and Hillhouse Ventures, co-led by IDG Capital, with participation from Songhe Capital, Minyin International, GAC Capital and Cyberpunk Singularity Technology. This round further expands AutoCore.ai’s core strategic alliances. The funds will be used to integrate high-quality resources and talent, accelerate the large-scale mass-production deployment of AutoCore.OS across multiple chip platforms and EEA architectures, and further promote the development of open-source autonomous driving projects worldwide, providing product development services to customers including chip vendors, system integrators and automotive manufacturers.
The next-generation vehicle electronic and electrical architecture and mass-production products jointly developed by AutoCore and Foxconn were unveiled at HHTD 2021, marking the comprehensive deepening of their strategic partnership.
As a founding premier member of the Autoware Foundation, AutoCore is one of the major contributors to multiple foundation projects. In addition to collaborating with numerous members on the development of the Foundation’s logistics ODD, AutoCore has worked with Arm and others to create OpenADKit, bringing Arm server chips into mainstream autonomous driving platforms; partnered with Arm, Amazon, Continental, Capgemini Engineering, Marvell, Red Hat, SUSE, Tier IV, Woven Planet and others to build cloud-native software-defined vehicles; successfully collaborated with FutureWei to develop the Foundation’s first open-source software-defined vehicle project integrating vehicle and cloud; co-founded the Open Intelligent Electric Vehicle Research Center with Macau University of Science and Technology; and, together with Tier IV, is developing a next-generation architecture for Autoware open-source autonomous driving software, broadly supporting innovative teams and enterprises in autonomous driving software and hardware system development.
Li Qiang, Partner at Hillhouse Ventures, commented: “Autonomous driving applications are characterized by requirements for high reliability, high performance, high concurrency and modularity. A safe, open and high-performance autonomous driving middleware platform is the key to meeting these requirements and enabling further breakthroughs in the intelligent automotive industry. Hillhouse has supported AutoCore since its Pre-A round and continues to lead this round. We are optimistic about their technological leadership and their systematic, platform-based product solutions. We are pleased to see AutoCore gaining broad recognition from leading customers and partners in the industry, and we believe they will continue to create value in the rapidly developing autonomous driving sector.”
Yuan Feng, General Manager of GAC Capital, stated: “With the rapid development of intelligent connectivity and new energy technologies, the demand for software-defined vehicles is growing, and more and more vehicles will be equipped with next-generation electronic and electrical architectures. As the core layer enabling cross-platform, cross-model and cross-hardware decoupling of software and hardware, middleware is becoming increasingly critical to the development of intelligent vehicles. Although AutoCore was founded not long ago, it has achieved rapid growth, demonstrated strong technical capabilities, and established in-depth cooperation with many well-known OEMs, system integrators and chip companies at home and abroad. Through this investment, we will build an even closer partnership with AutoCore, fully integrate our resources, and jointly contribute to the development of the automotive industry.”
Guo Chengcheng, Managing Director of Songhe Capital, added: “The primary core of intelligent vehicles lies in system intelligence. As more traditional automakers enter this field, each faces the need to upgrade its software system architecture to support the interaction between various sensors and software and hardware brought by intelligentization, while remaining compatible with different vehicle platforms. With top-tier experience in open-source system development, the AutoCore team provides mature middleware tools and support services, and is well positioned to stand out in this wave and achieve significant success.”