5Y News | PhiGent Robotics Raises Tens of Millions of USD Within Two Months of Founding, Accelerating Deployment of Next-Generation Autonomous Driving Technology
Building robotic sensors, computing, and intelligent brains.
Beijing PhiGent Robotics Technology Co., Ltd. ("PhiGent Robotics") completed tens of millions of dollars in angel and Pre-A financing within two months of its founding. The angel round was led by Atypical Ventures, with strategic investment from Horizon Robotics and follow-on investment from GSR Ventures. The Pre-A round was led by 5Y Capital, with all existing shareholders continuing to increase their stakes.
Founded in August 2021, PhiGent Robotics operates with the vision of "building robotic sensor computing and intelligent brains through hardware-software co-optimization," focusing on the R&D and commercialization of autonomous driving sensor computing and next-generation autonomous driving solutions.
PhiGent Robotics will target the sensor computing field and next-generation autonomous driving products, conducting R&D and productization of AI-based visual imaging and 3D LiDAR technologies through algorithm-compute co-optimization, and applying these to next-generation mid-to-high-level autonomous driving solutions to advance the development and deployment of higher-level autonomous driving. In commercial partnerships, PhiGent Robotics positions itself to serve both OEMs and Tier 1 suppliers, providing differentiated products, solutions, and services with high performance, cost-effectiveness, and reliability.
PhiGent Robotics was founded by Dr. Dalong Du, and attracted Jingxiu Liu, former Xilinx AI Business Marketing Director, to join as partner. The company assembled a 60-plus person team within two months, covering algorithms, software, hardware, and FPGA chips. Core team members come from top AI algorithm and chip companies, representing one of China's earliest teams working on AI algorithms and AI chip R&D, with industry-leading hardware-software co-optimization capabilities and extensive product deployment experience. The company has established deep partnerships with top domestic universities and research institutes, and will accelerate industry-academia-research integration with support from premier think tank resources to facilitate technology commercialization.
5Y Capital (formerly Morningside Venture Capital) currently manages approximately RMB 32 billion in dual-currency USD and RMB funds. 5Y Capital seeks out, supports, and inspires entrepreneurs who are going it alone, providing them with support from the spiritual to all operational aspects. We believe that if the "crazy" you in others' eyes begins to be believed in, the world will become a different place.
BEIJING · SHANGHAI · SHENZHEN · HONG KONG
