Tucson Announces Future Investment in Nvidia, with Undisclosed Investment Amount

[NetEase Smart News, August 3rd] Today, Tucson, the Chinese autopilot start-up company, has announced that it has obtained investment from NVIDIA. After the investment, Nvidia will account for the next 3% of Tucson’s shares. The investment was included in Tucson's future B-round financing, and the specific investment amount was not disclosed. It is understood that Nvidia has reached an investment intention several months ago. At present, the financing has been completed and the investment funds have been paid. Tucson said that this round of financing will be mainly used for R&D, and more automatic will be installed between China and the United States. Driving trucks for road testing, Tucson currently has two R&D centers in Beijing and San Diego, California. Tuo Chen future CEO Chen Mo said that according to business needs, Tucson will use the camera as the main sensor in the future of auto-driving solutions, focusing on L4 (SAE standards, L0-L5) self-driving truck R & D, through computer vision Achieving high-level autopilot poses a huge challenge to algorithms and computation. Nvidia can meet the demand for computational power of deep learning algorithms widely used in autopilot and can optimize products according to the actual development of autopilots. Customization of requirements, selection of Nvidia Investment is also based on this consideration. It is reported that Tucson will use a variety of products from Nvidia to support the development of autopilot in the future. The main hardware components are Drive PX 2, K80, K1, X1, X2, and the back-end products CUDA, TensorRT, and cuDNN. (Dingxi)

Posted on