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Hesai Technology, a domestic lidar manufacturer, announced today a new round of financing.
Round B, 250 million yuan, led by Lightspeed China and Baidu.
Hesai Technology was established in San Jose, Silicon Valley, USA in 2013, and moved its headquarters to Shanghai in 2014. At present, it has nearly 200 employees (more than 30 doctors), and has gathered top experts in cutting-edge industries such as optics, precision machinery, electronics, communications, and artificial intelligence.
Currently, Hesai Technology has one R&D center and two manufacturing centers, with offices located in Shanghai and Silicon Valley in the United States.
In terms of laser sensor product lines, Hesai currently has Lidars including Pandar40 (mechanical), Pandar GT (solid-state), Pandora (multi-sensor fusion) for unmanned and robotic applications, and lasers for safety inspections in the energy industry. telemetry system, etc.
Since the end of 2016, Hesai has successively launched three lidars for unmanned driving.
Pandar40 is a mechanical rotating lidar with 200-meter ranging capability and centimeter-level accuracy.
Pandora is an all-in-one autonomous driving suite that integrates lidar and camera modules, which solves the time-consuming and labor-intensive problem of multi-sensor calibration and triggering for autonomous driving companies. Pandora is also the only environment-aware suite on Baidu's Apollo platform, and has been fully supported by the Apollo platform's Pandora SDK tailored for Pandora, truly "plug and play". Currently, Pandora has already started mass shipments.
Pandar GT is a solid-state lidar based on ZOLO technology. While greatly improving ranging performance and angular resolution, the cost can be hundreds of dollars in mass production. The ingenious design of Pandar GT is anti-vibration, high and low temperature resistance, and the goal is to finally meet the strict requirements of vehicle regulations.
Hesai has completed 3 rounds of financing totaling RMB 100 million in its history. Investors include Foresight Capital (led by angel round, DJI Angel Investment Institution), Gundam Capital (led by A round) and this round of Lightspeed China, Baidu , ZhenFund, as well as the old shareholders Jiangmen Venture Capital, Pangu Venture Capital and so on.
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