# Novauto

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/novauto

- Industry: Electronics
- Headquarters: Beijing, China
- Website: www.novauto.com.cn
- Total disclosed funding: $14M
- Latest round: Series A (Oct 9, 2022)
- Investors on record: 12

## About

Based in Beijing, China, and established in 2019, Novauto is a technology company that provides auto drive systems for car users based on artificially intelligent technology. It has obtained over 140 patents. In April 2024, the company acquired ISO26262 functional safety management system certification. The CEO of the company, Shuang Liang is a PhD jointly trained by Tsinghua University and Imperial College and has worked in Baidu, Inc. and DeePhi Technology Co., Ltd. The CTO of the company, Zhongmin Chen graduated from Tsinghua University. The company has partnerships with BAIC, G-Pulse, Chery, and other companies. In May 2024, it closed a round of pre-series B funding.

The company mainly developed AI computing chips Jingzhe R1 and development kits, which based on two generations of AI inference engines, Pinghu and Gaoxia. The development kits include intelligent computing development kit NE100 and edge computing module NM10. Novauto also provides AI deployment development tool chain Luban, which provides pruning tools, quantization tools, compilers and other software development tools. Products can be applied to edge computing scenarios such as smart transportation, smart grids, and unmanned systems.

The company generates revenue by providing edge-side artificial intelligence chips and intelligent driving computing platform solutions.

The company will use pre-series B funding to develop a new generation of inference chips, expand the scale of existing revenue businesses, and further expand industrial cooperation.

## Funding rounds

- Series A, Oct 9, 2022, $14M — GF Qianhe, Seas Capital, Tianjin Huakong Dianke Capital, NEVC
- Series A, May 14, 2020 — Hemi Ventures, Zhongguancun Development Group, Turing Capital
- Angel, Jun 1, 2019 — TusStar, Taiyou Fund, Qingyan Capital, Tsingyuan vc, Zhongfa Advanced Capital

## Investors

- TusStar (https://capitalatlas.ai/funds/tusstar) — Angel
- Taiyou Fund — Angel
- Qingyan Capital — Angel
- Tsingyuan vc — Angel
- Zhongfa Advanced Capital (https://capitalatlas.ai/funds/zhongfa-advanced-capital) — Angel
- Hemi Ventures (https://capitalatlas.ai/funds/hemi-ventures) — Series A
- Zhongguancun Development Group — Series A
- Turing Capital (https://capitalatlas.ai/funds/turing-capital) — Series A
- GF Qianhe — Series A
- Seas Capital (https://capitalatlas.ai/funds/seas-capital) — Series A
- Tianjin Huakong Dianke Capital (https://capitalatlas.ai/funds/tianjin-huakong-dianke-capital) — Series A
- NEVC — Series A