{"id":4392,"date":"2022-10-10T10:00:52","date_gmt":"2022-10-10T02:00:52","guid":{"rendered":"https:\/\/autowise.ai\/?p=4392"},"modified":"2022-10-14T18:37:19","modified_gmt":"2022-10-14T10:37:19","slug":"autowise-announces-b3-financing-round","status":"publish","type":"post","link":"https:\/\/autowise.ai\/en\/2022\/10\/10\/autowise-announces-b3-financing-round\/","title":{"rendered":"Invested by Sense Capital this time, Autowise.ai completed two rounds of funding of nearly $42 million in three months"},"content":{"rendered":"[vc_row type=&#8221;full_width_content&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; top_padding=&#8221;80px&#8221; left_padding_desktop=&#8221;15%&#8221; constrain_group_2=&#8221;yes&#8221; right_padding_desktop=&#8221;15%&#8221; top_padding_tablet=&#8221;60px&#8221; left_padding_tablet=&#8221;5%&#8221; constrain_group_4=&#8221;yes&#8221; right_padding_tablet=&#8221;5%&#8221; top_padding_phone=&#8221;30px&#8221; left_padding_phone=&#8221;20px&#8221; constrain_group_6=&#8221;yes&#8221; right_padding_phone=&#8221;20px&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; advanced_gradient_angle=&#8221;0&#8243; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221; gradient_type=&#8221;default&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; left_margin=&#8221;auto&#8221; constrain_group_2=&#8221;yes&#8221; right_margin=&#8221;auto&#8221; column_element_spacing=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; max_width_desktop=&#8221;1000px&#8221; column_position=&#8221;default&#8221; advanced_gradient_angle=&#8221;0&#8243; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; gradient_type=&#8221;default&#8221;][vc_column_text css_animation=&#8221;fadeInUp&#8221; max_width=&#8221;1000px&#8221; css=&#8221;&#8221;]Recently, Autowise.ai announced the completion of Series B3 Funding\u00a0Round\u00a0invested by\u00a0Sense Capital and other institutions. This is the\u00a0second round of funding\u00a0since July this year. The funding will be mainly used for R&amp;D and manufacturing\u00a0of\u00a0autonomous vehicles, as well as the expansion of the market, especially for launching overseas business.<\/p>\n<p>Huang Chao, the founder\u00a0&amp;\u00a0CEO of Autowise.ai, said, &#8220;First of all, appreciate the recognition and trust of the new and existing shareholders. Our products and technology are getting more\u00a0mature, and it is continuously empowering traditional industries to reduce costs and increase efficiency. At the same time, business expansion and technology iteration form\u00a0a positive cycle. Our business grows tenfold\u00a0and continues\u00a0to\u00a0attract\u00a0investors. At the end of 2017, Autowise.ai\u00a0established\u00a0one\u00a0of\u00a0China\u2019s earliest\u00a0robotaxi\u00a0fleets\u00a0in\u00a0Shanghai, then obtained\u00a0the\u00a0road\u00a0test\u00a0license\u00a0for\u00a0autonomous\u00a0truck,\u00a0took the lead in commercialization in\u00a0sanitation scenarios and accumulated a lot of R&amp;D experience as well as\u00a0operational data. We will launch more and more attractive products\u00a0in the near future. &#8220;<\/p>\n<p>At\u00a0WAIC 2022, Autowise.ai\u00a0released\u00a0its new self-developed autonomous\u00a0sweeper Autowise V3, demonstrating its technical strength and productization capability. Autowise\u00a0V3 has received a lot of attention and many potential customer orders upon its release.[\/vc_column_text][image_with_animation image_url=&#8221;4380&#8243; image_size=&#8221;medium_large&#8221; animation_type=&#8221;entrance&#8221; animation=&#8221;Fade In&#8221; hover_animation=&#8221;none&#8221; alignment=&#8221;center&#8221; border_radius=&#8221;none&#8221; box_shadow=&#8221;none&#8221; image_loading=&#8221;default&#8221; max_width=&#8221;100%&#8221; max_width_mobile=&#8221;default&#8221; margin_bottom=&#8221;20px&#8221;][vc_column_text css_animation=&#8221;fadeInUp&#8221;]\n<p style=\"text-align: center;\"><em>Autowise V3 was launched at WAIC 2022<br \/>\n<\/em><\/p>\n[\/vc_column_text][vc_column_text css_animation=&#8221;fadeInUp&#8221; max_width=&#8221;1000px&#8221;]As\u00a0the world&#8217;s leading\u00a0AI platform company,\u00a0SenseTime is designated by the Chinese Ministry of Science and Technology as the &#8220;Intelligent Vision&#8221; national open innovation platform for a new generation of artificial intelligence,\u00a0with the mission\u00a0of\u00a0\u201cto create a better AI-empowered future through innovation&#8221; and\u00a0the vision of &#8220;to advance the interconnection of the physical and digital worlds with artificial intelligence, driving sustainable productivity growth and seamless interactive experiences&#8221;. These coincide with the mission of Autowise.ai. Hu Yutong, managing partner of Sense Capital, said: &#8220;Autowise.ai has strong technology and productization capability. It has taken the lead to realize\u00a0the commercial operation of autonomous vehicles in\u00a0appropriate scene.\u00a0After several years of development, the products are\u00a0getting\u00a0matured, while\u00a0business model has been verified. SenseTime has strong technology and business\u00a0resources. Cooperating with Autowise.ai, we can empower in both directions and shape the future together.&#8221;[\/vc_column_text][image_with_animation image_url=&#8221;4383&#8243; image_size=&#8221;medium_large&#8221; animation_type=&#8221;entrance&#8221; animation=&#8221;Fade In&#8221; hover_animation=&#8221;none&#8221; alignment=&#8221;center&#8221; border_radius=&#8221;none&#8221; box_shadow=&#8221;none&#8221; image_loading=&#8221;default&#8221; max_width=&#8221;100%&#8221; max_width_mobile=&#8221;default&#8221; margin_bottom=&#8221;20px&#8221;][vc_column_text css_animation=&#8221;fadeInUp&#8221;]\n<p style=\"text-align: center;\"><em>Autowise V3, independently developed by Autowise.ai<\/em><\/p>\n[\/vc_column_text][vc_column_text css_animation=&#8221;fadeInUp&#8221; max_width=&#8221;1000px&#8221;]Qi Ji Capital acted as the exclusive financial advisor for this round of financing.\u00a0LuDi, CEO of Qi Ji Capital, said: &#8221;\u00a0The high applicability of\u00a0autonomous driving\u00a0in the field of sanitation can effectively solve\u00a0the existing industry&#8217;s pain point of\u00a0over-reliance on manual labor. The demand for autonomous driving technology in sanitation is expected to grow in the future. With a comprehensive technology, operation, and service system, Autowise.ai has deployed nearly 200 autonomous sweepers in more than 20 cities all over the world,\u00a0with a significant increase in market share and revenue.\u00a0As an industry-leading\u00a0AI software company\u00a0with\u00a0deep accumulated\u00a0full-stack AI capabilities, SenseTime\u00a0is\u00a0committed to building\u00a0cutting-edge AI infrastructure. SenseTime\u00a0has\u00a0deep industrial resource in Smart City. The introduction of SenseTime in this round of\u00a0financing will help Autowise.ai to carry out technical exchanges, absorb industrial resources, expand sales channels, and jointly build Smart City\u00a0in the future. I am glad to cooperate with Autowise.ai.\u00a0We believe that with the continuous development\u00a0of smart sanitation and autonomous driving technology, Autowise.ai will have a broader scope of development globally.&#8221;[\/vc_column_text][vc_column_text css_animation=&#8221;fadeInUp&#8221; max_width=&#8221;1000px&#8221;]<strong>\u3010About Autowise.ai\u3011<\/strong><\/p>\n<p>Autowise.ai, established in August 2017, was\u00a0founded by Huang Chao, the first officer of autonomous driving in Didi. In 2017, Autowise.ai established one of China&#8217;s earliest robotaxi fleets in\u00a0Shanghai and then received the road test license for autonomous sweepers.\u00a0Autowise.ai\u00a0took the lead in applying autonomous driving technology to urban sanitation scenarios. At present, Autowise.ai has deployed\u00a0nearly\u00a0200 autonomous\u00a0sweepers into more than 20 countries and cities around the world.<\/p>\n<p><strong>\u3010About Sense Capital\u3011<\/strong><\/p>\n<p>Sense Capital is the\u00a0private equity institution and capital operation platform of SenseTime, focus on artificial intelligence field. Sense\u00a0Capital\u00a0distributes\u00a0the investment layout in the whole industrial chain of artificial intelligence, helps the invested enterprises grow and promotes the integration and development of industrial ecology.[\/vc_column_text][image_with_animation image_size=&#8221;full&#8221; animation_type=&#8221;entrance&#8221; animation=&#8221;Fade In&#8221; hover_animation=&#8221;none&#8221; alignment=&#8221;&#8221; border_radius=&#8221;none&#8221; box_shadow=&#8221;none&#8221; image_loading=&#8221;default&#8221; max_width=&#8221;100%&#8221; max_width_mobile=&#8221;default&#8221;][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=&#8221;full_width_content&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; top_padding=&#8221;80px&#8221; left_padding_desktop=&#8221;15%&#8221; constrain_group_2=&#8221;yes&#8221; right_padding_desktop=&#8221;15%&#8221; top_padding_tablet=&#8221;60px&#8221; left_padding_tablet=&#8221;5%&#8221; constrain_group_4=&#8221;yes&#8221; right_padding_tablet=&#8221;5%&#8221; top_padding_phone=&#8221;30px&#8221; left_padding_phone=&#8221;20px&#8221; constrain_group_6=&#8221;yes&#8221; right_padding_phone=&#8221;20px&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; advanced_gradient_angle=&#8221;0&#8243; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221;&#8230;<\/p>\n","protected":false},"author":2,"featured_media":4331,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":{"0":"post-4392","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"_links":{"self":[{"href":"https:\/\/autowise.ai\/en\/wp-json\/wp\/v2\/posts\/4392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/autowise.ai\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/autowise.ai\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/autowise.ai\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/autowise.ai\/en\/wp-json\/wp\/v2\/comments?post=4392"}],"version-history":[{"count":3,"href":"https:\/\/autowise.ai\/en\/wp-json\/wp\/v2\/posts\/4392\/revisions"}],"predecessor-version":[{"id":4405,"href":"https:\/\/autowise.ai\/en\/wp-json\/wp\/v2\/posts\/4392\/revisions\/4405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/autowise.ai\/en\/wp-json\/wp\/v2\/media\/4331"}],"wp:attachment":[{"href":"https:\/\/autowise.ai\/en\/wp-json\/wp\/v2\/media?parent=4392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/autowise.ai\/en\/wp-json\/wp\/v2\/categories?post=4392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/autowise.ai\/en\/wp-json\/wp\/v2\/tags?post=4392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}