FABU.ai Raises $15.4 Million in Series B+

by Kay Aloha Villamor in August 20th, 2021

FABU.ai, a Chinese autonomous driving startup, announced it has banked 100 million yuan ($15.438 million) in a Series B+ funding round from Cowin Capital and DYEE Capital. 

The proceeds will be used for the deployment of the company's car-road-cloud integrated solution in more scenarios like port transportation and city shuttle service.

Company: Fabu Technology Co., Ltd.

Raised: $15.4M

Round: Series B+

Funding Month: August 2021

Lead Investors: Cowin Capital and DYEE Capital

Additional Investors: 

Company Website: http://www.fabu.ai/en

Software Category: Logistic>AI

About the Company: Founded in 2017, FABU.AI is dedicated to developing proprietary technology for advanced driver assistance systems and autonomous driving vehicles to usher in a new era of safer roads and intelligent transportation. It focuses on developing self-driving technology by pouring its engineering resources not only in algorithm optimization but also in building AI-enabled chips.

Source: https://autonews.gasgoo.com/70018558.html

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