- Companies
- SemiDrive
SemiDrive Valuation, Funding & Investors
SemiDrive is valued at $1.9B as of July 2024.
Last SemiDrive valuation
$1.9B
Series B · Jul 2024
Last SemiDrive funding round
$100M
Series C · May 2026
Cumulative funding SemiDrive raised
$605M
across 5 funding rounds
Key investors in SemiDrive
Matrix Partners China
Vertex Ventures China
V Fund Management
CTC Capital
Xiangfeng Capital
Shenzhen Guozhong Venture Capital Management
About SemiDrive
SemiDrive is a Nanjing-based developer of automotive processors for ADAS, autonomous driving, and smart cockpits. Its X9H series supports L2+ autonomy with 8-core ARM Cortex-A and NPU delivering 4 TOPS, manufactured on SMIC 16nm. The company supplies chips to Chinese OEMs like Great Wall Motor and BYD for domain controllers.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Subscription
Valuation
$1.9B (Jul 2024)
SemiDrive Valuation
SemiDrive is currently valued at $1.9B, based on its Series B in July 2024.
The $138M round included Beijing Economic and Technological Development Zone.
SemiDrive valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2024 | Series B | $1.9B |
SemiDrive Funding History
SemiDrive has raised a total of $605M across 5 funding rounds.
SemiDrive's first fundraising round was a $73M Series A in September 2020. The most recent completed round was a $100M Series C in May 2026.
SemiDrive funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2026 | Series C | Jiangsu Industrial Investment Group (lead); Beijing E-town International Investment & Development; Xi'an Caijin; Shaanxi Automobile Hongde Investment; Shanghai Yizhong Gentai Co.; Beijing Advanced Manufacturing fund | $100M | - | - |
| Jul 2024 | Series B | Beijing Economic and Technological Development Zone | $138M | $1.9B | - |
| Nov 2022 | Series B | Shang Qi Capital (lead); Shenzhen Guozhong Venture Capital Management; ZJ Innopark (Zhangjiang Hi-Tech Park); GoldStone Investment; Vinno Capital; Huatai Insurance Group; Shanghai STVC Group; CITIC Securities; V Fund Management | $139M | - | SemiDrive is a Chinese automotive chip startup specializing in chips for vehicles, including the X9, V9, G9 series, and the UniDrive autonomous driving platform based on V9 chips. The company announced the closing of its RMB 1 billion ($140 million) Series B+ financing round on November 28, 2022, led by a fund established by SAIC and CITIC Securities, with participation from other investors including those matching the query. This followed a RMB 1 billion Series B round in July 2021 and an RMB 500 million Series A in May 2020, marking seven rounds of financing completed by then. At the time of the Series B+ round, SemiDrive's four series of products were in mass production and installed in vehicles, achieving an annual output of one million chips. The products covered 90 percent of local car companies, with over 100 mass production project orders and more than 260 customers. Funds from the round were allocated to enhance core technology, update automotive chip products, accelerate product adoption in vehicles, and strengthen service capabilities. SemiDrive planned to launch the higher arithmetic power V9S autonomous driving chip in 2023, targeting central computing platform architecture with 500-1000T computing power for L4/L5 robotaxi applications. |
| Jul 2021 | Series B | ProCapital (lead); V Fund Management (lead); Matrix Partners China; BOC International China; Xiangfeng Capital; CTC Capital; Cantor Jungle; Shanghai Science and Technology Investment; CATL; Vertex Ventures China; Shanghai Zhangjiang Haocheng Venture Capital | $154M | - | SemiDrive is a Chinese automotive chip startup founded in 2018 that develops high-performance, high-reliability automotive-grade semiconductor solutions for smart cockpits, intelligent driving systems, central gateways, and microcontroller units (MCUs). The company achieved ISO 26262 functional safety certification in 2019, the first Chinese semiconductor firm to do so. By May 2020, SemiDrive launched its initial 9 Series SoC products including the X9, V9, and G9 automotive chips, with a comprehensive solution deployed across 71 partners. In July 2021, SemiDrive closed its Series B financing round, raising approximately RMB 1 billion ($154 million) to support chip development on more advanced manufacturing processes. The round was co-led by CDB Equipment Manufacturing Industrial Investment Fund and V Fund, with participation from BOC International, Shanghai Sci-Tech Innovation Center Capital, Matrix Partners China, CTC Capital, and CATL's Chendao Capital. Proceeds were allocated to R&D of advanced chips, manufacturing process improvements, and accelerating commercial applications. At the 2021 World Artificial Intelligence Conference, SemiDrive unveiled its UniDrive autonomous driving platform built on V9 series chips and announced plans to develop a V9P/U chip in 2022 supporting Level 3 autonomous driving and a V9S chip in 2023 supporting Level 4/5 robotaxi applications. By late 2021, the company had received one million chip orders and served over 260 customers including Great Wall Motor, Changan Auto, FAW Group, SAIC Motor, and international OEMs including BMW and Volkswagen. |
| Sep 2020 | Series A | CTC Capital (lead); Matrix Partners China; Xiangfeng Capital; ACCURACY; CLP Walden; Lenovo Capital and Incubator Group (LCIG); Vertex Ventures China; HSG | $73M | - | SemiDrive, founded in June 2018 and headquartered in Nanjing, China, develops high-performance, automotive-grade system-on-chip (SoC) products for smart cockpits, intelligent driving, central gateways, and high-performance MCUs, targeting applications in intelligent vehicles including new energy vehicles, ADAS, and C-V2X. The company has passed ISO 26262 functional safety certification and AEC-Q100 for its X9, V9, and G9 chips, with mass production starting in March 2021. It serves over 260 customers including Great Wall Motor, Changan Auto, FAW, SAIC, Dongfeng, BMW, Volkswagen, and battery makers like CATL, shipping over one million chips in a year post-mass production. In September 2020, SemiDrive raised approximately 500 million CNY (around $73 million) in a Series A round led by CTC Capital, with participation from investors matching the query including ACCURACY, CLP Walden, HSG, Lenovo Capital and Incubator Group (LCIG), Matrix Partners China, Vertex Ventures China, and Xiangfeng Capital. This followed earlier rounds, with cumulative funding exceeding 700 million CNY by mid-2021 across three rounds prior to Series B. Subsequent rounds included a Series B in July 2021 raising nearly 1 billion CNY (~$154 million), co-led by CDB Equipment Manufacturing Industrial Investment Fund and V Fund, with follow-on from Matrix Partners China, CTC Capital, Vertex Ventures, and others like BOCI and Zhangjiang Haoheng; funds supported advanced process R&D. A Series B+ followed in November 2022, also nearly 1 billion CNY (~$139 million), led by SAIC-affiliated fund with CITIC Securities and others. |
Who has invested in SemiDrive?
30 investors have backed SemiDrive across its funding rounds, including Matrix Partners China, Vertex Ventures China, V Fund Management, CTC Capital, Xiangfeng Capital and Shenzhen Guozhong Venture Capital Management.
Lead investors include Jiangsu Industrial Investment Group, Shang Qi Capital, ProCapital, V Fund Management and CTC Capital.
SemiDrive Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Sep 2020 | ||
| 2 | Participant | Sep 2020 | ||
| 2 | Lead | Sep 2020 | ||
| 2 | Participant | Sep 2020 | ||
| 2 | Lead | Jul 2021 | ||
| 1 | Participant | Jul 2021 | ||
| 1 | Lead | Jul 2021 | ||
| 1 | Participant | Nov 2022 | ||
| 1 | Participant | May 2026 | ||
| 1 | Lead | May 2026 | ||
| 1 | Participant | Nov 2022 | ||
| 1 | Participant | Nov 2022 | ||
| 1 | Lead | Nov 2022 | ||
This data is available for Pro users. Sign up to see all 30 SemiDrive investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialSemiDrive Competitors
SemiDrive competitors include listed companies like WeRide and Silex Microsystem, and private ones like Velaura AI, Applied Intuition, Photonic and Soterea.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | $415M | - | $15B | 36.1x | ||
| Publicly listed | $102M | ($257M) | $1.9B | 8.3x | ||
| Private | - | - | $2B | - | ||
| Private | - | - | $1.4B | - | ||
| Publicly listed | $141M | $49M | $1.8B | - |
SemiDrive Public Comps
SemiDrive is still privately-owned, but its public comps include Malaysian Pacific Industries, Txc, ChipMOS, Ichor Holdings, WeRide, Jiangyin Jianghua, Autowell Technology, Both Engineering, Awinic Electronics and PDF Solutions.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $648M | $135M | 3.0x | 2.9x | 14.2x | 13.1x | |||
| $419M | $109M | 4.2x | 3.8x | 16.0x | 13.8x | |||
| $751M | $180M | 2.5x | 2.1x | 10.5x | 7.6x | |||
| $948M | ($7M) | 2.0x | 1.6x | (252.8x) | 22.9x | |||
| $102M | ($257M) | 11.4x | 8.3x | (4.5x) | (5.0x) | |||
| $184M | $37M | 10.0x | 8.9x | 49.8x | 50.2x | |||
| $954M | $93M | 2.3x | 2.4x | 23.5x | 15.0x | |||
| $616M | $45M | 2.6x | 1.9x | 36.4x | 23.0x | |||
This data is available for Pro users. Sign up to see all SemiDrive competitors and their valuation data. Start Free Trial | ||||||||
Common questions about SemiDrive
| When was SemiDrive founded? | SemiDrive was founded in 2018. |
| Where is SemiDrive headquartered? | SemiDrive is headquartered in Beijing, China. |
| Is SemiDrive publicly listed? | No, SemiDrive is a private, VC-backed company. |
| What is SemiDrive's valuation? | SemiDrive was last valued at $1.9B in its Series B in July 2024. |
| How much funding has SemiDrive raised? | SemiDrive has raised $605M across 5 funding rounds. |
| What was SemiDrive's last funding round? | SemiDrive's last funding round was a $100M Series C in May 2026, led by Jiangsu Industrial Investment Group. |
| Who are SemiDrive's investors? | SemiDrive's investors include Matrix Partners China, Xiangfeng Capital, CTC Capital, Vertex Ventures China, V Fund Management, BOC International China, ProCapital, Shenzhen Guozhong Venture Capital Management, Beijing E-town International Investment & Development, Jiangsu Industrial Investment Group and 20 others. |
| Which companies are comparable to SemiDrive? | Companies comparable to SemiDrive include Velaura AI, Applied Intuition, WeRide, Photonic, Soterea and Silex Microsystem. |
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