Xiaomi has just invested into Geometrical Pal, a company that specializes in autonomous driving technology. This marks another investment from the company in to the automobile related industry.
According to a Sohu report, the the Shanghai based Geometrical Pal has just completed its series of Pre A rounds of financing nearly 400 million Yuan (roughly 62 million US Dollars). During this round of investment, various companies invested in the autonomous driving based firm including the likes of the Xiaomi Investment Fund, Baidu, and other notable Chinese companies.
Previously, we had also reported on the Chinese tech giant investing in another self driving systems developer called Zongmu. At the moment, this round of financing will be used to accelerate the mass production of if a new generation of automated driving software and hardware integrated systems. Notably, with self driving technology seeing a boom in the automobile industry, various tech firms have started taking notice and investing into startups and brands that specialize in this field of technology.
For those unaware, Geometrical Pal was established back in October 2018. Its operations involves machine and deep learning systems and the company adopts a low cost, high reliability, and easy mass production philosophy. Its autonomous driving system involves integrated perception with intelligent decision making. Furthermore, its operations also involved software and hardware integrated systems. Other technologies includes visible light vision, infrared imaging, and more that function in real time.
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