DENSO leads $65M Series C round in ThinCI

deep learning and AI for automotive

DENSO Corporation subsidiary NSITEXE, Inc., a developer of key semiconductor components enabling automated driving, has invested in ThinCI Inc., an AI hardware startup developing computing platforms. ThinCI’s programmable computing architecture can accelerate deep learning, AI and other algorithms relevant to the automotive industry and will provide somewhere around 5 to 10 times the computing power and performance offered by the next best solution.

The successful close of ThinCI’s $65 million series C funding round was led by DENSO and Temasek. Other investors include GGV Capital, Mirai Creation Fund—backed by Toyota and other limited partners—and Daimler. DENSO was the lead investor in ThinCI’s last funding round in 2016.

ThinCI has the capabilities to help us usher in the next era of transportation. The company’s technology provides the computing power to make autonomous driving and advanced electric vehicles the industry norm. The move to Level 4 and Level 5 autonomy in the automotive industry will require huge amounts of flexible computing power. It’s not feasible for car owners to have autonomous vehicles with server racks in their trunks, so there is a definite need to get that computing power out of the trunk and into a set of chips. 

As automotive electronics become increasingly sophisticated, the number of semiconductor devices used in vehicles has increased significantly. When automated driving and electrified power sources become the norm, high-performance, yet low-power semiconductor devices will be required for self-driving cars to operate effectively. These vehicles will need to constantly monitor their surroundings, rapidly process enormous amounts of information and make split-second driving decisions—all of which are made possible by semiconductors being able to properly sense road environments and communicate with one another.

In a bid to achieve practical use of semiconductor devices necessary for automated driving technologies, DENSO established NSITEXE in 2017 to design and develop a next-generation, high-performance semiconductor devices to advance autonomous driving solutions.

12. September 2018

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