This round of financing by Intel Investment led by the new generation of smart parking and smart community solutions released at the same time
August 28, 2018, Shenzhen -- Beijing Zhixin Yuandynamic Technology Co., LTD. (" Zhixin Yuandynamic "), China's leading artificial intelligence and solutions provider, today held the "Zhixin Yuandynamic Investment and Financing and New Product Launch Conference" in Shenzhen, announcing the successful completion of the B round of financing and the release of a new generation of smart parking and smart community solutions. This round of financing by Intel Capital led investment, Songhe Capital and Feng Rui Capital followed investment. This is another milestone in the company's continuous expansion of technological advantages and acceleration of the application of artificial intelligence after obtaining A round of financing led by Dongchen Investment Holdings in 2015. The Series B funding will go toward research and development in artificial intelligence algorithms and chips.
Founded in 2012, Smartchip is one of the leading enterprise groups in China specializing in the research of artificial intelligence algorithm and algorithm chip technology. Focusing on the application of artificial intelligence technology in the field of machine vision, the group has pioneered the chip-based technology of artificial intelligence algorithm in China and successfully developed a series of products and solutions such as intelligent transportation, intelligent community, intelligent security and intelligent business super. Intelligent Core has built an upstream chip ecological chain, providing customers with end-to-end AI solutions such as AI technology, intelligent hardware, product delivery, after-sales service and product marketing, realizing the integrated design of algorithms, chips and products, and combining cloud big data to form a complete AI industrial chain system.
"The core competitiveness of Smartcore is the ability to implement complete artificial intelligence technology." Cui Kai, founder, Chairman and CEO of Smartchip, said, "We are honored to receive the investment from Intel Capital, Songhe Capital and Fengrui Capital. This round of financing will help us increase our investment in algorithms, chips, products and cloud services, enabling our subsidiaries to develop new products and create value for our customers and partners. The launch of a series of new solutions, such as the Muyan 1 facial recognition terminal, is an example of this strategy, marking the expansion of Zhixinyuan's technology application from smart parking to smart community."
At the press conference, Zhixin original motor introduced a series of new products such as license plate recognition, reverse car search system and face recognition terminal. Among them, the latest community intelligent product -- "Muyan 1", with 10,000 level face library, living detection function, and adapt to a variety of strong light, backlight and other environmental characteristics. This new product marks the success of Zhixin original motor to realize the growth of "person" identification and "car" identification, and realize more efficient, safe and humanized artificial intelligence scenario application in the two major fields of intelligent parking and intelligent community.
"Intel Capital fully supports Intel's digital transformation and its data-centric innovation and investment strategy," said Eric Lam, vice president and managing director of Intel Capital's international investment business. Zhixin Yuandynamic has demonstrated its solid landing ability in the field of artificial intelligence research and development and smart city solutions. We look forward to working closely with Zhixin Yuan Power and its industry partners to promote AI innovation and big data application, and promote the construction of smart cities and the further improvement of the iot ecosystem in China."
Since its establishment, Zhixin has made remarkable achievements in many fields and is honored as one of the "best AI industrialists in China" in the industry. As an IP licensing manufacturer, Smartcore provides IP licensing for AI coprocessor for leading security chip company Hysi. Since 2012, Smartchip has completed 500 million chips of artificial intelligence acceleration Engine IVE (Intelligent Video Engine) authorization. The "entrance and exit license plate recognition camera" produced by Shenzhen Qianhai Huaxia Zhixin Data Technology Co., LTD., a wholly-owned subsidiary of Zhixin Group, occupies more than half of the national market share. Shenzhen Zhihuixin Technology Co., LTD., another joint venture subsidiary, has developed four categories of products, including vehicle identification, person identification, passenger flow counting and security video data structuring, aiming to become a leader in the field of security AI modules.
Smartchip has maintained long-term cooperation with Intel, Hesse, Mstar and other world famous chip enterprises, established the chip ecological chain, and laid a solid foundation for the research and development of its products. In cooperation with Intel, Intelligent Core has successively launched the Convolutional Neural Network CNN (Convolutional Neural Network) convolutional car model recognition algorithm based on Intel ® architecture and the deep learning video structure algorithm based on Intel ®Apollo Lake architecture. It has accelerated the deployment and application of AI technology in intelligent parking, intelligent transportation, intelligent security and other fields.
About the original movement of wisdom core
Zhixin Yuandynamic Group is a leading AI product and AI solution provider in China, committed to accelerating the application of AI technology in various industries to enhance user experience and improve efficiency. Founded in 2012, the company specializes in the research of artificial intelligence algorithm and algorithm chip technology, the development and delivery of intelligent products and solutions and the integration of intelligent cloud services. Headquartered in Beijing, the Group's subsidiaries include Shenzhen Qianhai Huaxia Zhixin Data Technology Co., LTD and Shenzhen Zhihuixin Technology Co., LTD.
About Intel Capital
Intel Capital invests equity capital in innovative startups around the world. The investments range from artificial intelligence, driverless driving, workload accelerators, 5G, virtual reality and other disruptive technologies. Since 1991, Intel Capital has invested in more than $12.3 billion in 1,530 companies worldwide. More than 660 portfolio companies have gone public or been acquired by other companies during this period.
