Lidar manufacturer RAYZ has completed a round A financing of nearly 100 million yuan

Recently, RAYZ, a leading research and production company for high-performance LiDAR, announced the successful completion of the A-round financing. This round of financing was led by SMIC Juyuan, and well-known institutions such as Juntong Capital, Feitu Capital, Qiandao Investment, and Qiyu Chuangying also participated in this round of financing. The new round of financing will be used for the research and development, industrialization, and market expansion of the company's vehicle grade products, focusing on the fields of passenger cars and commercial vehicles, and accelerating the large-scale commercialization of in vehicle LiDAR.

Ruizhi Technology focuses on the research and production of high-performance LiDAR technology, committed to providing advanced solutions, widely used in multiple fields such as ADAS advanced driving assistance systems, autonomous driving, intelligent infrastructure, robotics, surveying and mapping. The company's products are industry-leading in key technical indicators such as distance measurement, resolution, volume, cost, and vehicle gauge reliability, providing important perception units for achieving intelligent driving and building a digital world.

The company not only has outstanding performance in the field of technology, but also has a team with world leading levels in the fields of optics, signal processing, and artificial intelligence. Dr. Chen Ruxin, the chairman of the company, has served as the Chief Architect and Global Technical Director of Emotional Artificial Intelligence at Sony Real Time Entertainment Company, with nearly 30 years of global experience in the development of artificial intelligence related products; Dr. Du Detao, co-founder and CTO, served as the Chief Scientist in the Optics Department of General Atoms in the United States, with 30 years of experience in the development and application of ultra fast and ultra strong lasers; Dr. Du and his mentor Gerald Muru (winner of the 2018 Nobel Prize in Physics) jointly won the 2022 Golden Goose Award.

In terms of products, Ruizhi Technology has a rich and diverse product line, including flagship main view LiDAR with ultra long detection range, high cost performance main view LiDAR with medium to long detection range, and short range blind filling LiDAR and other models. At present, the company has cooperated with multiple mainstream domestic car companies, autonomous driving companies, smart infrastructure companies, and leading enterprises in the industrial field.

Ruizhi Technology's LiDAR technology not only meets current needs, but is also committed to meeting the pursuit of "user-friendly" technology in the future intelligent driving field. The company has proposed 4C standards for LiDAR, including Excellence, Compactness, Cost effectiveness, and Continuity, to meet the constantly evolving demand of the high-end intelligent driving market.

Through this round A financing, Ruizhi Technology will accelerate the verification, industrialization, and market expansion of vehicle grade products, accelerate the large-scale commercial use of in vehicle LiDAR, contribute more strength to the development of intelligent driving, and create a new era in the LiDAR field.

Source: OFweek