Thousand fathom location Network Co., Ltd. (hereinafter referred to as “thousand fathom location”), the world’s leading space-time intelligent technology company, officially announced the completion of a new round of strategic financing.
This round of financing is led by Beijing Information Industry Development Investment Fund, followed by Shanghai Jiyu Dingyuan Investment Fund, Beijing Dongcheng District Science and Technology Innovation Industry Investment Fund, Qingdao Zhonghe Xingyao Venture Capital Fund.
The overall valuation of the company has exceeded 16 billion yuan.
Thousand fathom location was established in August 2015.
Based on the basic positioning data of Beidou satellite system (compatible with GPS, GLONASS and Galileo), the company uses more than 5000 GNSS satellite-based / ground-based enhancement stations around the world, independently developed positioning algorithms and large-scale Internet service platforms to provide users with centimeter-level positioning, millimeter-level perception, nanosecond time-space intelligent services.
Thousand fathom location Construction operates the National Beidou Foundation Enhancement system.
Picture Source: thousand fathom location, in the field of intelligent driving, thousand fathom location is the only mature and mass-produced automobile space-time intelligent solution provider in China.
Among the top ten new energy vehicle brands in China from January to June 2024, 7 have used the thousand fathom location FindAUTO Beidou space-time intelligent vehicle mass production scheme.
Through the service of thousand fathom location, the real-time dynamic positioning accuracy of the vehicle is at the centimeter level to determine the lane, so as to ensure the safety of intelligent driving above L2 + and even L3.
Chen Jinpei, CEO of thousand fathom location, said that this round of financing will be used to further strengthen thousand fathom location’s investment in spatio-temporal intelligent full-link products and technology systems, including low-altitude economy, vehicle-cloud integration, intelligent driving, spatio-temporal chips, etc.
, while strengthening the development of cooperative ecology to better promote the large-scale application of Beidou and spatio-temporal intelligence in various industries.
Against the trend, a new round of financing was completed, Beijing and Shanghai were blessed, and this round of investment was heavily supported by Beijing, forming an effective linkage of investment institutions at the capital city and district levels.
it further anchors Beijing’s strategic determination for the development of Beidou and space-time intelligence industries.
Thousand fathom location will take advantage of the location of the capital to strengthen its R & D and business development layout in Beijing.
At the same time, the thousand fathom location has received investment from the capital of Yangpu District, Shanghai, which will further strengthen the ties and strategic coordination between the enterprise and the region.
Beijing Information Industry Development Fund is managed and operated by Beijing Jingguorui Equity Investment Fund Management Co., Ltd., with a size of 10 billion yuan, carries out direct equity investment around the strategic layout of the country and Beijing’s information industry, focusing on industrial Internet, network security and Xinchuang, Beidou, Internet 3.
0 and other fields.
This investment fully reflects the strategic direction of the development of high-tech industries in Beijing.
Jingguorui will continue to deepen cooperation with thousand fathom position, bringing strategic coordination to thousand fathom’s technological innovation and development in the field of space-time intelligence.
The Beijing Dongcheng District Science and Technology Innovation Industry Investment Fund was approved by the Beijing Dongcheng District Government to promote the efficient utilization of state-owned assets in Dongcheng District and consolidate the dominant position of the new generation of information technology industry.
focus on emerging software and new information services and other areas of advantage segmentation, accelerate the gathering of high-end industries and leading enterprises.
Shanghai Jiyu Dingyuan Investment Fund is Yangpu District State-owned assets Group-Yangpu Kechuang to create a platform development strategy system of innovative financial services and to give better play to the role of Yangpu district capital in supporting and leading economic and social development.
the establishment of the digital economy parent fund.
The parent fund mainly invests in key industries related to the digital economy, including artificial intelligence, industrial Internet, Yunyuan, big data, digital health, digital green economy, digital cultural creation and so on.
Thousand fathom’s position goes against the trend to complete a new round of financing, which fully reflects the scientific and technological strategic position of Beidou and spatio-temporal intelligence as a major national space-time infrastructure and an important driving force for the development of economic and social digitalization and intelligence.
it highlights the social recognition and value of thousand fathom as a leading enterprise in space-time intelligence industry.
Thousand fathom location was jointly established by China Arms Industry Corporation and Alibaba Group in August 2015.
and in the A round of financing and subsequent equity adjustment, the introduction of Shanghai International, ICBC Investment, China Venture Capital, Sorghum Qihang, the Big Dipper Seven Star Investment, Mogan Mountain pilot and other state-owned shareholders and social capital, the company is responsible for the construction and operation of the national Beidou foundation enhancement system.
It is a typical enterprise of mixed ownership that gives full play to the advantages of shareholders of all parties, and it is also the national team of Beidou industry.
With mature experience in product landing, mass production and user service, and controllable technical safety, thousand fathom has promoted the industrialization and commercialization of Beidou space-time intelligent technology achievements in the past 9 years, and has been widely used in many fields.
has accumulated mature product landing, large-scale mass production and user service experience, has made remarkable achievements.
For example, in the field of intelligent driving, thousand fathom location FindAUTO Beidou time-space intelligent car mass production program has been delivered in batches on more than 30 models and has been assigned a total of more than 100 models, covering many domestic mainstream car brands, including SAIC, Geely, Xiaopeng, ideal, Zhiji, Zero, FAW Red Flag, Eian and so on.
The cumulative service time has been nearly 2 billion hours, serving more than 1.
6 million intelligent driving vehicles.
Intelligent car equipped with thousand fathom location FindAUTO service.
Picture Source: thousand fathom location, as early as 2021, thousand fathom location pioneered the “automobile high-precision positioning industrialization system”, taking the lead in defining the scheme content, product performance, service flow and standards of automobile high-precision positioning industrialization.
Benefiting from the experience accumulated in large-scale mass production over the past three years, the system has evolved at the service, algorithm and hardware levels to form a systematic turnkey solution covering the entire life cycle of space-time intelligent “boarding”.
In terms of service, thousand fathom’s “satellite-to-earth communication” capability combines the advantages of ground-based services and satellite-based services, switching seamlessly, so that smart cars can use 7 × 24 hours of Beidou space-time intelligent service in urban areas or in remote unnetted areas.
provide a “intact” security index with a risk as low as 10-7 / h to judge the satellite positioning results in real time.
Thousand fathom location intelligent driving proprietary service FindAUTO, in line with the international functional safety standards in the industrial and automotive fields, has IEC61508, ISO26262 functional safety certification, ASPICE capability level 3 certification, and obtained the only “server + vehicle side” software specification certification in China.
In the algorithm, the thousand fathom position uses the deep coupling algorithm to effectively improve the positioning accuracy and reliability in complex scenes such as urban canyons, mountain roads and high-speed toll stations, and protect navigation equipment from deceptive signals.
At the same time, the ability of ionospheric suppression can be developed by ourselves.
“Forecast the ionosphere like a weather forecast” to reduce the impact of ionospheric activity on smart driving in low latitudes.
, In terms of hardware, Chihiro Location encapsulates self-developed algorithms and services into self-developed GNSS chip modules, which helps speed up the software and hardware integration speed of car companies using spatio-temporal intelligence.
The “Chihiro Rubik’s Cube MC282M” and “Chihiro Rubik’s Cube MC282A” with built-in “Chihiro Step Light BG1101” have passed the vehicle specification certification.
, In addition to the field of intelligent driving, Chihiro’s location application scenarios also cover from mobile phone lane level navigation and standardized parking of shared bicycles in the consumer-level market, to agricultural plant protection, forestry lofting, water conservancy and hydropower, transportation, disaster prevention and reduction in the industry-level market, ecological protection, etc.
, to urban-level spatio-temporal perception, comprehensive management, etc.
Chihiro Location promotes space-time intelligent services in all walks of life.
Photo source: Chihiro Location.
Currently, Chihiro Location has connected more than 2.
1 billion smart devices and has more than 10 billion daily services, covering more than 230 countries and regions around the world.
, Chihiro’s location brings together an elite team composed of high-quality R & D, product, operations, market development, etc.
The proportion of scientific research talents with master’s and doctoral degrees in the team is as high as 42%, and the proportion of overseas returnees is 10%.
The company also has a postdoctoral scientific research workstation to provide strong support for R & D and innovation.
In terms of intellectual property rights, Chihiro has applied for a total of 742 patents, of which invention patents account for 90%, covering many cutting-edge technology fields such as satellite navigation, artificial intelligence, and machine learning.
At the key technology level, Chihiro is the world’s first spatio-temporal intelligence company to realize a full link closed-loop from infrastructure, basic services, basic devices to basic software.
From benchmark station servers and other equipment, high-performance algorithm systems and large-scale spatio-temporal service platforms.
from the pioneering “one national network” technical model to the breakthrough “satellite-earth integration” integration solution.
from domestically produced CPU chips, to spatio-temporal intelligent operating systems, adhere to independent research and development, and the technology is safe and controllable.
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