Qcraft Funding, Investors & Competitors

Qcraft has raised $338M across 5 funding rounds, most recently a $100M Series D in March 2026.

Last Qcraft funding round

$100M

Series D · Mar 2026

Cumulative funding Qcraft raised

$338M

across 5 funding rounds

Key investors in Qcraft

  • IDG Capital
  • Vision Plus Capital
  • YF Capital
  • Longzhu Capital
  • Broad Vision Funds
  • Genesis Capital
  • Zhongguancun Science City Science
  • Guoding Capital

Qcraft Overview

About Qcraft

Qcraft is a Beijing-headquartered autonomous vehicle technology company developing simulation platforms and AI systems for self-driving cars. The firm provides AVPro, a simulation suite that generates millions of traffic scenarios for testing edge cases in virtual environments. Founded in 2017 by former Baidu Apollo leaders, Qcraft partners with automakers like SAIC and GAC for L4 autonomy integration. It operates test fleets in China and maintains R&D centers in Palo Alto, California.


Founded

2019

HQ

ChinaBeijing

Website

qcraft.ai

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Qcraft Funding History

Qcraft has raised a total of $338M across 5 funding rounds.

Qcraft's first fundraising round was a $24M seed round in April 2020. The most recent completed round was a $100M Series D in March 2026.

Qcraft funding rounds

Qcraft funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2026Series DWonderland Capital; Huade Science and Technology; Ningbo Ninghai Xingtaihe Fund; Broad Vision Funds$100M-
Apr 2025Strategic investmentChery Automobile (lead); Luxshare Precision (lead)$100MQCraft Inc., an AI-driven automotive technology company specializing in driver-assistance systems (L2 and L2+ solutions), announced a $100 million funding round on April 15-16, 2025, led by Chery Automobile Co., Ltd. and Luxshare Precision Industry Co., Ltd. as new investors in its Series C-III. This follows prior rounds including Series C in June 2024 and Series C-II in October 2024. QCraft's technologies are integrated into over 20 mass-produced passenger vehicle models across entry-level to premium segments, through partnerships with more than a dozen domestic automakers. By November 2025, cumulative installations of its driver-assistance systems approached 1 million units, based on signed orders and production schedules, primarily for L2/L2+ solutions. Separately, in January 2025, Beijing QCraft increased its registered capital to CNY 1.15 billion from CNY 850 million, a 35% rise, wholly owned by Qingzhou (Hong Kong) Technology Co., Ltd. The company's business includes AI application software, system integration, and sales of intelligent in-vehicle equipment. Investors Chery Automobile and Luxshare Precision have strategic interests in automotive tech; Chery filed for a Hong Kong IPO in early 2025 targeting over $13.7 billion valuation, while Luxshare is expanding in smart cockpits, autonomous driving, and powertrain components, with strong Q3 2025 financial growth.
Jun 2024Series CZhongguancun Science City Science (lead); Guoding Capital$14MQCraft is a Beijing-based autonomous driving solutions provider founded in 2019 by four former Waymo engineers. The company develops full-stack autonomous driving technology including advanced assisted driving systems and robobuses, positioning its solutions for mass production at competitive costs. QCraft announced a Series C financing round on June 14, 2024, led by Zhongguancun Science City Science and Technology Fund, with participation from Guoding Capital. The company raised several hundred million yuan in this round, with funds directed toward R&D in full-stack autonomous driving technology and large-scale deployment of Navigation on Autopilot (NOA) systems. By May 2024, QCraft had achieved significant commercial traction, delivering approximately 400,000 units of its NOA solutions to multiple leading carmakers. By November 2025, cumulative installations of its driver-assistance system lineup had approached 1 million units across over 20 mass-produced passenger models, demonstrating strong market adoption across entry-level to premium vehicle segments.
Aug 2021Series AGenesis Capital (lead); YF Capital (lead); Longzhu Capital; IDG Capital$100MQCraft, founded in 2019 by former engineers from Waymo, Tesla, and Uber, is a Chinese autonomous driving startup focused on developing 'Giga Factory' self-driving technologies for commercialization at scale. The company secured a $100 million Series A+ funding round on August 16, 2021, led by YF Capital and Genesis Capital, with participation from Longzhu Capital (Meituan's investment arm), IDG Capital, and others. This followed a $24 million seed round in early 2020 and a $25 million Series A1 in March 2021 reportedly involving ByteDance. At the time of the Series A+, QCraft was piloting around 70 robobuses open to the public across five Chinese cities, with plans to expand the fleet beyond 100 vehicles by year-end and launch a ride-hailing service in Suzhou. The funding was earmarked for advancing intelligent urban mobility scenarios, including a carpooling service called Longzhou Space, and deploying the Longzhou series of driverless vehicles covering online vehicles, buses, and shuttles. Media reports noted the round positioned QCraft toward unicorn status (over $1 billion valuation), amid intensifying competition in China's robotaxi space from players like WeRide, Baidu, Tencent, and Alibaba. QCraft had obtained a California public road test permit shortly after inception and shifted primary operations to China with offices in Beijing, Suzhou, and Shenzhen. Later developments include increasing registered capital to CNY 1.15 billion by early 2026 and announcing nearly 1 million cumulative installations of its L2/L2+ driver-assistance systems by late 2025 through partnerships with over a dozen domestic automakers across 20+ mass-produced models.
Apr 2020SeedIDG Capital (lead); Vision Plus Capital; Tide Capital$24MQcraft is an autonomous vehicle startup founded by former Waymo engineers, focused on developing self-driving technology for complex urban environments. The company was founded in May 2019 and operates across multiple locations including Silicon Valley, Beijing, Shenzhen, and Suzhou. Qcraft completed a seed funding round in early 2020 with $24 million in total investment from IDG Capital, Vision Plus Capital (led by Alibaba co-founder Wu Yongming), and Tide Capital. The company acquired California public road test permits four months after its founding and began conducting tests on California public roads in July 2019. By the time of the seed round closure in early 2020, Qcraft had entered a rapid growth phase with established offices across major tech hubs in China and the United States. The company later closed a Series A+ round of $100 million in August 2021 led by YF Capital and Genesis Capital, demonstrating investor confidence in its trajectory, and as of November 2025 announced approximately 1 million cumulative installations of its driver-assistance system across over 20 mass-produced passenger models from more than a dozen domestic Chinese automakers.

Who has invested in Qcraft?

14 investors have backed Qcraft across its funding rounds, including IDG Capital, Vision Plus Capital, YF Capital, Longzhu Capital, Broad Vision Funds and Genesis Capital.

Lead investors include Chery Automobile, Luxshare Precision, Zhongguancun Science City Science, Genesis Capital, YF Capital and 1 other investor.


Qcraft Investors

Investors in Qcraft by funding rounds participated
InvestorHQRoundsRoleFirst check
IDG CapitalChinaBeijing2LeadApr 2020
YF CapitalChinaShanghai1LeadAug 2021
Longzhu CapitalChinaBeijing1ParticipantAug 2021
Guoding CapitalChinaBeijing1ParticipantJun 2024
Wonderland CapitalChinaBeijing1ParticipantMar 2026
Huade Science and TechnologyChinaChina1ParticipantMar 2026
Ningbo Ninghai Xingtaihe FundChinaNingbo1ParticipantMar 2026
Broad Vision FundsChinaBeijing1ParticipantMar 2026
Chery AutomobileChinaChina1LeadApr 2025
Luxshare PrecisionChinaChina1LeadApr 2025
Vision Plus CapitalChinaHangzhou1ParticipantApr 2020
Tide CapitalChinaHong Kong1ParticipantApr 2020

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Qcraft Competitors

Qcraft competitors include listed companies like KPIT Technologies, Aeva, Autodesk and Constellation Software, and private ones like Applied Intuition and NEURA Robotics.

Public and private companies comparable to Qcraft
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
KPIT TechnologiesIndiaIndiaPublicly listed$673M$128M$1.6B2.2x
AevaUnited StatesUnited StatesPublicly listed$18M($139M)$1.1B35.6x
AutodeskUnited StatesUnited StatesPublicly listed$7.2B$1.8B$46B5.7x
Constellation SoftwareCanadaCanadaPublicly listed$12B$2.5B$43B3.5x
Applied IntuitionUnited StatesSan Francisco, CAPrivate$415M-$15B36.1x
NEURA RoboticsGermanyMetzingenPrivate--$7B-

Qcraft Public Comps

Qcraft is still privately-owned, but its public comps include Tesla, Cadence Design Systems, General Motors, Autodesk, Constellation Software, Dassault Systemes, Hexagon, Snap-on, SAIC Motor and PTC.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Tesla$95B$10B15.0x13.8x140.8x97.4x
Cadence Design Systems$5.3B$1.8B14.8x13.0x44.3x27.3x
General Motors$185B$15B1.0x1.0x12.1x8.5x
Autodesk$7.2B$1.8B6.3x5.7x25.6x14.1x
Constellation Software$12B$2.5B4.0x3.5x18.5x12.9x
Dassault Systemes$7.2B$2.2B4.0x4.0x13.2x11.2x
Hexagon$6.2B$1.7B4.2x5.0x15.2x14.0x
Snap-on$5.2B$1.4B3.7x3.9x13.2x13.0x

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Common questions about Qcraft

When was Qcraft founded?Qcraft was founded in 2019.
Where is Qcraft headquartered?Qcraft is headquartered in Beijing, China.
Is Qcraft publicly listed?No, Qcraft is a private, VC-backed company.
How much funding has Qcraft raised?Qcraft has raised $338M across 5 funding rounds.
What was Qcraft's last funding round?Qcraft's last funding round was a $100M Series D in March 2026.
Who are Qcraft's investors?Qcraft's investors include IDG Capital, YF Capital, Longzhu Capital, Guoding Capital, Wonderland Capital, Huade Science and Technology, Ningbo Ninghai Xingtaihe Fund, Broad Vision Funds, Chery Automobile, Luxshare Precision and 4 others.
Which companies are comparable to Qcraft?Companies comparable to Qcraft include KPIT Technologies, Aeva, Autodesk, Constellation Software, Applied Intuition and NEURA Robotics.

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