AutoCore.ai, a Nanjing, China-based automotive system software provider, completed an A+ funding round led by Bosch Ventures and BoYuan Capital, with participation from existing shareholder GL Ventures.
AutoCore.ai has rapidly developed into a global automotive software platform-oriented enterprise, based on the self-developed AutoCore.OS platform, providing middleware, system software products, algorithm, and application software licensing services with SOA-oriented architecture across the entire vehicle.
The company's products are certified to ISO 26262 ASIL-D, the highest functional safety level, and have been adopted by many leading OEMs and Tier1s in their mass production programs worldwide.
Dr. Yang Zhang, Founder and Chairman of AutoCore.ai, says "We are thrilled that our hard work and unwavering dedication being recognised by our wide customer base, glad that Bosch choose to be part of the journey. We expect close collaboration between us in global arena. We would also like to take this opportunity to thank all of AutoCore.ai's shareholders. We wouldn't be here without their commitment and support."
The lead investors of this round, Bosch Ventures, and BoYuan Capital, are both investment funds of the Bosch Group, AutoCore.ai will work with Bosch Group to explore new technologies and products, work together to respond to the rapidly changing needs of the global automotive industry on a larger scale and at a faster pace.
Company: AutoCore Technology(Nanjing) Co., Ltd.
Raised: Series A+
Round: Strategic Investment
Funding Month: May 2023
Lead Investors: Bosch Ventures and BoYuan Capital
Additional Investors: GL Ventures
Company Website: https://autocore.ai/
Software Category: Automotive System Software
About the Company: Established in 2018, AutoCore.ai has created a complete and unified in-vehicle data platform for OEMs to achieve system-level functional performance, safety, and security with guarantees for real-time, deterministic, and secure communication, transmission, scheduling, and planning of data across all vehicle domains, supporting different EE architecture. AutoCore.ai focuses on automotive middleware, tailored for different EEA computing platforms of next-generation vehicles. AutoCore's core products include AutoCore.OS, AutoCore.SYS, and AutoCore.COMM.
Source: https://autocore.ai/news10.html