AutoAI Valuation, Funding & Investors

AutoAI is valued at $570M as of August 2024.

Last AutoAI valuation

$570M

Strategic investment · Aug 2024

Last AutoAI funding round

$94M

Strategic investment · Aug 2024

Cumulative funding AutoAI raised

$198M

across 2 funding rounds

Key investors in AutoAI

AutoAI Overview

About AutoAI

AutoAI is a Beijing-based developer of networked systems for Level 4 autonomous vehicles, backed by investors like Tencent and IDG Capital. Founded in 2018, it deploys test fleets in 10 Chinese cities with lidar-radar fusion for urban driving. The company partners with BAIC and FAW for production integration, achieving 99.9% uptime in validation drives exceeding 5 million kilometers.


Founded

2006

HQ

ChinaBeijing

Website

autoai.com

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$570M (Aug 2024)

AutoAI Valuation

AutoAI is currently valued at $570M, based on its strategic investment round in August 2024.

The $94M round was led by DiDi.

AutoAI valuation by funding round

AutoAI valuation by funding round
DateStageValuation
Aug 2024Strategic investment$570M

AutoAI Funding History

AutoAI has raised a total of $198M across 2 funding rounds.

AutoAI's first fundraising round was a $104M undisclosed-stage round in January 2019. The most recent completed round was a $94M strategic investment round in August 2024.

AutoAI funding rounds

AutoAI funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2024Strategic investmentDiDi (lead)$94M$570MAutoAI is a NavInfo-affiliated technology company focused on intelligent mobility solutions and smart transportation, with a particular emphasis on developing intelligent cockpit technologies. On August 28, 2024, AutoAI announced a capital increase involving investments from both NavInfo and Didi. NavInfo invested 100 million yuan in the round, which reduced its stake from 30.29% to 27.01% while retaining its position as the largest shareholder. Didi contributed its 100% stake in Ruilian Xingchen (Beijing) Technology Co., Ltd., valued at 450 million yuan, along with a cash injection of 220 million yuan, making Didi the second-largest shareholder with a 16.46% stake following the transaction. The combined investment from both parties totaled 670 million yuan in capital increase. Didi emphasized that AutoAI remains an important ecosystem partner, building on its initial investment dating back to 2018. As part of the strategic strengthening of cooperation, approximately 300 members from Didi's smart transportation team joined AutoAI to focus on intelligent cockpit technology development.
Jan 2019Undisclosed stageBosch Ventures (lead); Advantech Capital; Tencent; NavInfo; NIO Capital; DiDi; MediaTek$104M--

Who has invested in AutoAI?

7 investors have backed AutoAI across its funding rounds, including DiDi, Tencent, Bosch Ventures, NIO Capital, MediaTek and Advantech Capital.

Lead investors include DiDi and Bosch Ventures.


AutoAI Investors

Investors in AutoAI by funding rounds participated
InvestorHQRoundsRoleFirst check
DiDiChinaBeijing2LeadJan 2019
Advantech CapitalHong KongHong Kong1ParticipantJan 2019
Bosch VenturesGermanyGermany1LeadJan 2019
TencentChinaShenzhen1ParticipantJan 2019
NavInfoChinaBeijing1ParticipantJan 2019

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AutoAI Competitors

AutoAI competitors include listed companies like UBtech Robotics and Kodiak AI, and private ones like Roadstar.ai, Swift Navigation, Advanced Navigation and D-Robotics.

Public and private companies comparable to AutoAI
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
UBtech RoboticsChinaChinaPublicly listed$298M($108M)$5.1B9.5x
Roadstar.aiChinaShenzhenPrivate--$600M-
Swift NavigationUnited StatesSan Francisco, CAPrivate--$500M-
Advanced NavigationAustraliaSydneyPrivate$38M-$710M18.8x
D-RoboticsHong KongHong KongPrivate--$450M-
Kodiak AIUnited StatesUnited StatesPublicly listed$4M($577M)$768M98.7x

AutoAI Public Comps

AutoAI is still privately-owned, but its public comps include Reconova Technologies, RoboStrategy, ECARX Group, Huayan Robotics, Kodiak AI, Swarmer, Volatus Aerospace, Palladyne AI, DOF Robotics and Seeing Machines.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Reconova Technologies$66M($8M)10.0x-(82.0x)-
RoboStrategy------
ECARX Group$848M($23M)1.1x0.9x(40.7x)60.0x
Huayan Robotics$58M($4M)12.8x9.5x(184.5x)(3194.4x)
Kodiak AI$4M($577M)233.9x98.7x(1.5x)(6.6x)
Swarmer$310K($8M)1023.2x101.7x(37.3x)(29.1x)
Volatus Aerospace$25M($8M)12.5x11.1x(37.6x)(38.6x)
Palladyne AI$5M($27M)47.8x13.0x(9.4x)(7.8x)

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Common questions about AutoAI

When was AutoAI founded?AutoAI was founded in 2006.
Where is AutoAI headquartered?AutoAI is headquartered in Beijing, China.
Is AutoAI publicly listed?No, AutoAI is a private, VC-backed company.
What is AutoAI's valuation?AutoAI was last valued at $570M in its strategic investment round in August 2024.
How much funding has AutoAI raised?AutoAI has raised $198M across 2 funding rounds.
What was AutoAI's last funding round?AutoAI's last funding round was a $94M strategic investment round in August 2024, led by DiDi.
Who are AutoAI's investors?AutoAI's investors include DiDi, Advantech Capital, Bosch Ventures, Tencent, NavInfo, NIO Capital and MediaTek.
Which companies are comparable to AutoAI?Companies comparable to AutoAI include UBtech Robotics, Roadstar.ai, Swift Navigation, Advanced Navigation, D-Robotics and Kodiak AI.

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