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zongmutech.com

Founded Year

2013

Stage

Series E | Alive

Total Raised

$367.83M

Last Raised

$157M | 2 mos ago

Revenue

$0000 

About ZongMu Technology

ZongMu Technology develops an advanced driver assistance system, including 2D and 3D panoramic vision systems, self-parking solutions, and driving recording systems.

ZongMu Technology Headquarter Location

7-9F, Building 3, Tengfei Science and Technology Building 111 Xiangke Road, Pudong New Area

Shanghai, Shanghai,

China

+86-21-20708600

ESPs containing ZongMu Technology

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Industrials / Automotive

Companies in this market develop the “brains” for autonomous passenger vehicles, including the necessary software and hardware that allow vehicles to perceive their surroundings, localize themselves, and plan accordingly. This market also includes companies developing advanced driver assistance systems as well as “platform agnostic” autonomy solutions — i.e., self-driving stacks that can be used f…

ZongMu Technology named as Leader among 14 other companies, including DiDi Autonomous Driving, WeRide, and Argo AI.

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Research containing ZongMu Technology

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

CB Insights Intelligence Analysts have mentioned ZongMu Technology in 2 CB Insights research briefs, most recently on Sep 16, 2021.

Expert Collections containing ZongMu Technology

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

ZongMu Technology is included in 3 Expert Collections, including Auto & Mobility Tech.

A

Auto & Mobility Tech

1,327 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.

U

Unicorns- Billion Dollar Startups

1,112 items

A

Artificial Intelligence

8,694 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 ZongMu Technology News

Chinese Self-Driving Startup Zongmu Bags USD157 Million in Series E Fundraiser

Mar 29, 2022

(Yicai Global) March 29 -- Zongmu Technology, a Chinese autonomous driving and advanced driver assistance systems developer and provider, has secured CNY1 billion (USD157 million) in its latest financing round. The Series E fundraiser was led by Dongyang Guanding Equity Investment Partnership under Zhejiang province’s Dongyang State-owned Assets Supervision and Administration Commission, the Shanghai-based firm said yesterday. Yuanhai Fund and Zongmu’s existing shareholders Zhejiang Huzhou Huantaihu Group and Chuangtu Venture Capital also took part. The proceeds will be used to speed up research and development of autonomous driving mass production projects and build an industrial park with an annual capacity of two million autonomous driving systems in Dongyang, Zongmu’s founder and Chief Executive Officer Tang Rui said. “The autonomous driving industry is a halfway competitive market,” Tang noted. “Systematic R&D and mass production delivery capabilities have become the core competitiveness at this stage.” Zongmu, which is one of the first designated autonomous driving companies in China to win a contract for level four mass production projects, completed a USD190 million Series D funding round led by Xiaomi Changjiang Industrial Investment Fund in June last year. Founded in 2013, Zongmu develops and makes sensor hardware such as millimeter-wave radar, ultrasonic radar, and around view cameras. It has production bases in Fujian province’s Xiamen and Zhejiang’s Huzhou, and R&D centers in many cities including Shanghai. Its products have been factory-installed in several vehicle models from FAW Group’s luxury car brand Hongqi, Changan Automobile Group, and Geely Holding Group. Editor: Futura Costaglione

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