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Previously, deepmotion completed Angel round and a round of financing in January and March 2018 respectively, but did not disclose the financing amount.
Xiaomi is optimistic about the technical R & D capability of the Shenzhen dynamic technology team and hopes to accelerate Xiaomi’s R & D in automatic driving technology through acquisition.
Deepmotion may integrate a team of more than 20 people into Xiaomi, which will help Xiaomi initially increase the technical accumulation in the field of automatic driving, supplement the heads of various fields and lay the foundation for Xiaomi to build cars.
Cai Rui, CEO of deepmotion, Li Zhiwei, CTO, Yang Kuiyuan, chief scientist and Zhang Chi, R & D director, all came from Microsoft Research Asia.
Founded in July 2017, deepmotion is a service provider with high-precision map as the core to provide automatic driving solutions for perception, positioning and decision-making.
At this stage, the company is developing the next generation of stereo vision ADAS (advanced driving assistance system) equipment.
Xiaomi chose to acquire deepmotion not only because the latter has low valuation and strong scientific research and technology power, but also because the business prospect of high-precision map is still uncertain, so you can bet.
Deepmotion has not obtained the class a surveying and mapping qualification. In addition, it is very expensive to make high-precision maps, and the cost of data acquisition and update is extremely high. Customers can not complete the task of data acquisition and update only by relying on a few host factories. These reasons make deepmotion have to turn to the whole stack automatic driving solution.
In this way, deepmotion of [money is not bad for people] is indeed very suitable for Xiaomi of [money is not bad for people].
If deepmotion can smoothly integrate with the automatic driving team of Xiaomi, they may rely on their strong algorithm ability to complement Xiaomi with strong commercialization.
The company’s research on automatic driving is quite comprehensive, which will bring direct technical help to Xiaomi from scratch.
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