MINIEYE completed the D3 round of financing, with a cumulative amount of 800 million yuan in the D round

On June 6, MINIEYE (Shenzhen Youjia Innovation Technology Co., Ltd.), a developer of intelligent driving solutions, announced the completion of the D3 round of financing. This round of financing was led by Cathay Capital, and followed by NIO Capital’s sub-fund Jinning Fund and Shenwan Hongyuan. .So far, MINIEYE's entire D round of financing has been successfully completed, with a cumulative amount of 800 million yuan.Previously, the D1 round was jointly led by CICC Jiazi and Dongfeng Asset Management, with the participation of old shareholders such as Harvest Investment and Yuanjing Capital; the D2 round investors were CDB Manufacturing Transformation and Upgrading Fund, Unicom CICC, CICC Changde Emerging Industries Fund, Chongqing Kexing Science and Technology Innovation Fund, and the old shareholder Dongfang Fuhai.

The entire D round of funds raised will further consolidate the company's leading position in the domestic mass-produced intelligent driving field, continue to expand the core technology stack, and accelerate the R&D, innovation and commercialization of high-end autonomous driving solutions.

MINIEYE iPilot intelligent pilot assistance solution

Liu Guoqing, founder and CEO of MINIEYE, said, "The autonomous driving industry is developing continuously with the help of comprehensive factors such as policies and markets. The completion of this D round of financing not only reflects investors' optimism about the industry's prospects, but also It also reflects the high recognition of MINIEYE's comprehensive capabilities such as cutting-edge technology, core team, development strategy, growth potential, etc. In the future, MINIEYE will adhere to a progressive development route, gradually upgrade its layout to high-level autonomous driving, and develop a flexible business model with More strategic partners will cooperate in depth to jointly promote the high-quality development of the auto industry."

Li Maoxiang, a partner of Cathay Capital, said, "The Cathay Fund is very honored to lead this round of financing in MINIEYE and support the company's rapid development in the next few years. In the past few years, we have witnessed the rapid growth of MINIEYE, as a domestic intelligent driving field The leader in self-developed core technology, not only has the ability to quickly iterate algorithms and products, but also has excellent engineering technology and marketization capabilities, and can actively respond to the diversified needs of major OEMs from L1 to L2++. It ranks among the top in the market share in the field of commercial vehicle assisted driving, and has also fully opened up the domestic and foreign passenger vehicle andnew energyvehicle market, and has won a number of project designations. I believe that with the support of strategic resources and funds, MINIEYE can continue to provide customers with Safe and reliable products to create more long-term value for the automotive industry."