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Roadstar.ai

roadstar.ai

Founded Year

2017

Stage

Dead | Dead

Total Raised

$128M

About Roadstar.ai

Roadstar.ai is an artificial intelligence startup that specializes in level 4 autonomous driving technologies. The company focuses on providing efficient autonomous driving solutions to future advanced transportation system using unique and robust multi-sensor fusion framework.

Headquarters Location

Shenzhen, Guangdong,

China

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Research containing Roadstar.ai

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Roadstar.ai in 2 CB Insights research briefs, most recently on Jan 23, 2023.

Expert Collections containing Roadstar.ai

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

Roadstar.ai is included in 4 Expert Collections, including Digital Health.

D

Digital Health

8,838 items

Startups recreating how healthcare is delivered

A

Auto Tech

2,023 items

Startups building a next-generation mobility ecosystem, using technology to improve connectivity, safety, convenience, and efficiency in vehicles.Includes technologies such as ADAS and autonomous driving, connected vehicles, fleet telematics, V2V/V2X, and vehicle cybersecurity.

S

Smart Cities

2,078 items

A

Artificial Intelligence

9,442 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

Latest Roadstar.ai News

Roadstar.ai: The Rise and Fall of a Self-Driving Startup

Jul 17, 2019

A year ago, Shenzhen-based self-driving start-up Roadstar.ai was cruising along promisingly. In May 2018 the company announced a US$128 million funding round led by Wu Capital and state-backed Shenzhen Capital Group — one of the largest autonomous driving investments ever in China. With its focus on advanced L4 autonomous vehicle development, Roadstar.ai was setting the pace in the highly competitive self-driving sector. The company was founded in May 2017 by CEO Xianqiao Tong, CTO Liang Heng and Chief Scientist Guang Zhou. The trio had had worked together at Baidu’s US research affiliate; and separately had experience in the autonomous driving departments of tech giants Google, Tesla, Apple, and NVIDIA. Roadstar.ai provided autonomous driving shuttle service at the 2018 Shanghai World AI Conference and 2018 World Internet Conference in Wuzhen. At the CES show in Las Vegas this January, the company unveiled a prototype autonomous car. Things however quickly turned ugly for the promising startup. In an announcement published on WeChat in late January, Tong and Heng announced they had fired Zhou, accusing him of receiving kickbacks during fundraising, deliberately hiding codes, and putting false data into a government regulatory report. The next day investor Yunqi Capital issued a media statement on behalf of “All Roadstar.ai Investors,” stating: The company’s investor shareholders believe that removing Guang Zhou from his position is detrimental to the core interests of the company and shareholders, and the shareholders do not recognize the motion to fire Guang Zhou. The decision to dismiss Guang Zhou was not done with consent from the board, and the procedure violated the agreement with the investors, and so investors reject the decision. It is recommended that interested parties fully communicate, eliminate differences, and concentrate on developing business in the future. The backlash against Zhou’s firing resulted in the board discharging CEO Tong and replacing him with Heng. The public infighting among the company’s founding members had however spooked investors. In late January, A-round investors filed an arbitration on the grounds of “violation of the relevant investment agreement,” requesting the return of funds. Former Roadstar.ai CEO Xianqiao Tong, former CTO Liang Heng, and former Chief Scientist Guang Zhou On March 30 local news outlet QbitAI reported the once-well-funded self-driving company was searching for potential acquirers after major shareholders withdrew interest and commenced procedures to dissolve Roadstar.ai; and that a US$90 million investment fund had been frozen. Another local news outlet, TMTPost reported on March 31 that Tong confirmed he had received a notice of arbitration. A person familiar with the matter told TMTPost the company is reaching out to car companies and ventures in Hong Kong. “The value of the company now is tens of millions of dollars, which isn’t one-tenth of its previous valuation estimates,” the source said. With its valuation in the ditch, will Roadstar.ai’s various autonomous driving solutions ever make it to the road? The company’s tech developments include HeteroSync, which integrates sensors such as LiDARs, cameras, radars, GPS, IMU, etc to provide highly accurate time and spatial synchronization, real-time updates, and robust features extracted from fused high-dimensional raw data. Its DeepFusion Automated Driving System (ADS) technology meanwhile can leverage fused high-dimensional data to provide safer and more efficient autonomous driving solutions. Like many other autonomous vehicle startups, Roadstar.ai was researching full-stack hardware and solutions to incorporate sensors and machine learning software models into autonomous systems to provide “efficient autonomous driving solutions to future advanced transportation system using unique and robust multi-sensor fusion frameworks.” Last May Roadstar.ai told Synced they planned to deploy 50 new self-driving vehicles in China and expand the fleet to 200 in 2019 and 1,500 vehicles by 2020. That now seems very unlikely to happen. A question that remains is whether the company’s self-driving tech might be salvaged in the wake of its destructive management dispute. Journalist: Fangyu Cai | Editor: Michael Sarazen

Roadstar.ai Frequently Asked Questions (FAQ)

  • When was Roadstar.ai founded?

    Roadstar.ai was founded in 2017.

  • Where is Roadstar.ai's headquarters?

    Roadstar.ai's headquarters is located at Shenzhen.

  • What is Roadstar.ai's latest funding round?

    Roadstar.ai's latest funding round is Dead.

  • How much did Roadstar.ai raise?

    Roadstar.ai raised a total of $128M.

  • Who are the investors of Roadstar.ai?

    Investors of Roadstar.ai include Tencent AI Accelerator, Yunqi Partners, Shenzhen Capital Group, CMB International Capital, Vision Plus Capital and 8 more.

  • Who are Roadstar.ai's competitors?

    Competitors of Roadstar.ai include Humanising Autonomy and 2 more.

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