DENSO Corporation, one of the globe’s biggest car suppliers for both technology and their components, is still looking for new ways to foster the development of new mobility designs that will change transportation. To accomplish this, DENSO’s subsidiary company NSITEXE, a creator of semiconductor parts for self-driving cars, recently announced their investment in ThinCl Inc. ThinCl is an artificial intelligence focused startup company who also creates computer platforms that emphasize deep learning, AI, and other software for the car industry.
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,” said Tony Cannestra, DENSO’s Director of Corporate Ventures. “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.”
Read more here
Join us in Madrid from the 13th to the 16th of November for the Property Portal Watch Conference.
