Newly Established Phigent Robotics Bags Millions in Latest Financing

Established only two months ago, Phigent Robotics has completed two rounds of financing worth tens of millions of dollars in angel and pre-A financing rounds.

The angel round of financing was led by Atypical Ventures and followed by Deepshire Investment Management. Jinsha River Innovation Investment also joined the investment round. The pre-A round of financing was led by 5Y Capital, and all previous shareholders increased their holdings.

The startup was established in August of 2021 and focuses on the calculation of automated driving sensors and the R&D and promotion of the next generation of automated driving solutions.

According to the firm, Phigent Robotics will aim at sensor computing and automated driving products while carrying out the R&D of AI-based visual imaging and 3D visual radar technology through collaborative optimization of algorithms and computing performance. They will then apply what they learn to its next generation of automated driving solutions.

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The company aims to provide quality, affordable, and reliable differentiated products, solutions and services for automakers and Tier 1 suppliers.

Phigent Robotics was founded by Du Dalong, and soon brought in Liu Jingxiu, former Director of Product Marketing, AI and Edge Computing of Xilinx, to join as a partner. In February, the company set up a team of more than 60 talented people, covering algorithms, software, hardware, and FPGA chips. Its main members come from top artificial intelligence algorithm and chip companies with experience in the field.