8 hours ago
China's QCraft Raises $100 Million in Series D Financing
NextFin News -- Beijng-based self-driving startup QCraft has raised $100 million upon the completion of a new round of Series D financing. This round of funding was participated by leading manufacturers and several industry capital firms. The funds will be primarily used for research and development of cutting-edge physical AI technologies, such as world modeling and reinforcement learning, as well as for global talent acquisition. The startup said that it will shift its strategic focus towards Level 4 autonomous driving and general physical AI, while accelerating its overseas expansion. Currently, QCraft's L2++ driver assistance system has achieved mass production of over one million units, and its urban Navigation on Autopilot (NOA) capabilities are continuously being implemented.
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