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AsianFin -- Hefei-based Xingming AI has raised several hundred million yuan upon completing A+ financing round, according to its announcement released on Monday.
The fundraising effort was led by Kaiyuan Industrial, with Hefei Industrial Investment and West Hefei Industrial Investment participating as co-investors.
The funds raised will primarily be used for the research and development of next-generation spatial intelligent chips and products, the advancement of digital intelligence operations, and the enhancement of team development.
Xingming AI also unveiled a new brand strategy, signaling a key move towards accelerating the industrialization of spatial intelligent products and solutions.
Founded in 2020, Xingming AI specializes in spatial computing, AI chip design, and product development. The company』s self-developed chips are at the forefront of innovation, featuring a globally leading 3D visual perception processing engine.
Xingming AI's system-level spatial intelligent chips are the world』s only ones to integrate real-time 3D stereoscopic visual perception, AI, and SLAM (Simultaneous Localization and Mapping) into a single chip. The company aims to drive the spatial intelligence sector forward, positioning itself as a leader and ecosystem builder.
Its products and solutions are already applied in several advanced fields, including robotics, XR, consumer electronics, autonomous drones for logistics, and 3D scanning. The company has established partnerships with prominent global consumer electronics firms, internet industry leaders, logistics and mobile robotics companies, and industrial head-mounted display suppliers.
Guo Jianjun, the Chairman of Kaiyuan Industrial, praised Xingming AI's achievements in spatial intelligence, highlighting its strong R&D team and international recognition. He emphasized the company』s role in expanding innovative applications across robotics, XR, and 3D interaction.
Qian Zhehong, the CEO of Xingming AI, expressed satisfaction about the financing round, stating that the funds would boost R&D and strengthen the company』s market competitiveness. The company plans to continue attracting global tech talent and advancing its strategy of innovation and strategic mergers.
