Recently, intelligent driving solutions provider JueFX received nearly CNY 100 million from its strategic round financing, which was led by CMBC International. The money will be used for product R&D and mass production.
On November 9, Beijing JueFX Technology Co., LTD (hereinafter referred to as "JueFX") (Chinese: 觉非科技) received nearly CNY 100 million (USD 14 million) from its strategic round financing, which was led by CMBC International Holdings Limited (Chinese: 民银国际控股集团) and followed by its exsisting equity-holder Hygoal Capital (Chinese: 和高资本) and other investment institutions. The fund is expected to be used for technology iterative R&D and mass production.
JueFX, founded in 2019 and based in Beijing, is an innovative high-tech enterprise committed to building the "data engine" of intelligent driving. Keeping multi-sensor fused computations at its technological core, JueFX has been providing smart driving solutions which centers at three key application scenarios: passenger car travel, mainline haulage and end point logistics.
In this financing round, the lead investor CMBC International is committed to developing China's technology industry, including commercial aerospace, reusable carrier rockets, cloud computing, and autonomous driving. Moreover, Hygoal Capital is a professional investment institution dedicated to intelligent mobility in China, and this is the third round of capital injection by Hygoal Capital.
After this financing round, JueFX received both capital and industry support, contributing to its future construction and commercialization process.