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