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Founded Year

2017

Stage

Series C - IV | Alive

Total Raised

$91.8M

Last Raised

$41.8M | 7 mos ago

About HoloMatic

HoloMatic provides automated driving system technology solutions. It offers automatic driving solutions based on artificial intelligence technology and automotive industry technology. The company provides layouts from vehicle wire control, and multi-sensor technology to upper-level automatic driving core algorithm modules and focuses on the production of autonomous driving solutions. The company was founded in 2017 and is based in Beijing, China.

Headquarters Location

No 203, Lize Middle 2nd road Block D, Luowa Building

Beijing, Beijing,

China

010-84566500

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Expert Collections containing HoloMatic

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

HoloMatic is included in 3 Expert Collections, including Auto Tech.

A

Auto Tech

2,523 items

Companies working on automotive technology, which includes vehicle connectivity, autonomous driving technology, and electric vehicle technology. This includes EV manufacturers, autonomous driving developers, and companies supporting the rise of the software-defined vehicles.

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Artificial Intelligence

11,617 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

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AI 100

100 items

The winners of the 4th annual CB Insights AI 100.

Latest HoloMatic News

Autonomous driving startup HoloMatic bumps up Series C with fresh $42m funding

Jul 20, 2023

19 July, 2023 HoloMatic Technology, a Chinese provider of full-stack autonomous driving solutions, has raised an additional 300 million yuan ($41.6 million), taking the overall size of its Series C funding round to over 1 billion yuan ($138.7 million). The Beijing-based startup closed the extended Series C round from two co-lead investors: GAC Capital, a wholly owned subsidiary of Chinese state-owned automaker GAC Group, and the state-owned venture capital (VC) firm Guangdong Technology Financial Group, which manages 38.6 billion yuan ($5.4 billion) in total assets. HoloMatic was founded in June 2017 by ex-Baidu machine learning scientist Ni Kai, who had assisted the Chinese search engine in the creation of a self-driving business. With IDG Capital and HongShan among its early backers, the startup offers full-stake autonomous driving solutions including wire control, multi-sensor fusion, and core algorithm design. Its main products include HoloPilot, which offers level 3.5 highway autonomous driving solutions, and an intelligent valet parking system called HoloParking. The startup plans to use the new funding in the continued R&D, mass production, and commercialisation of its autonomous driving solutions. GAC as biggest external shareholder The extension round marks yet another investment in HoloMatic by GAC Capital. GAC Capital invested in HoloMatic in late 2021 when the startup and its parent GAC Group signed an agreement to form a strategic cooperation and introduce to the market the first GAC vehicle model powered by HoloMatic’s self-driving solutions. GAC Capital has since doubled down on HoloMatic by investing in its Series C1 round in March 2022 and then leading the following Series C2 round in November of the same year. In total, GAC Capital has injected nearly 400 million yuan ($55.5 million) into the startup. GAC Capital now holds a stake of approximately 13% in HoloMatic as its biggest external shareholder post the extension round, according to LatePost . The Chinese online business media outlet reported that GAC Group is also the largest client of HoloMatic, as the startup supplies its advanced driver assistant system (ADAS) to GAC Group-owned new energy vehicle (NEV) and pure electric vehicle (EV) marques including Trumpchi, Aion, and Hyper. In the first half of 2023, GAC Group sold almost 1.2 million vehicles, including 236,000 NEVs as the third biggest NEV seller in the Chinese market after BYD and Tesla. HoloMatic’s founder and CEO Ni told LatePost that he expects HoloMatic to “significantly improve the current loss-making situation” in 2024, before the startup breaks even in 2025 ahead of a potential public listing. The threshold for HoloMatic’s survival, achieving profitability, and going public is to deliver its autonomous driving solutions to at least 200,000 vehicles, said Ni, who estimates the startup to expand its sales volume to “a few tens of thousands of vehicles” by the end of this year.

HoloMatic Frequently Asked Questions (FAQ)

  • When was HoloMatic founded?

    HoloMatic was founded in 2017.

  • Where is HoloMatic's headquarters?

    HoloMatic's headquarters is located at No 203, Lize Middle 2nd road, Beijing.

  • What is HoloMatic's latest funding round?

    HoloMatic's latest funding round is Series C - IV.

  • How much did HoloMatic raise?

    HoloMatic raised a total of $91.8M.

  • Who are the investors of HoloMatic?

    Investors of HoloMatic include GAC Capital, Guangdong Technology Financial Group, Chaos Investment, Zhidu Investment, Tsinghua Tongfang and 9 more.

  • Who are HoloMatic's competitors?

    Competitors of HoloMatic include UISEE Technology and 1 more.

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