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

SemiDrive Overview

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

ChinaBeijing

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

SemiDrive valuation by funding round
DateStageValuation
Jul 2024Series 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

SemiDrive funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2026Series CJiangsu 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 2024Series BBeijing Economic and Technological Development Zone$138M$1.9B-
Nov 2022Series BShang 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 2021Series BProCapital (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 2020Series ACTC 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

Investors in SemiDrive by funding rounds participated
InvestorHQRoundsRoleFirst check
Matrix Partners ChinaChinaBeijing2ParticipantSep 2020
Xiangfeng CapitalChinaChina2ParticipantSep 2020
CTC CapitalChinaShanghai2LeadSep 2020
Vertex Ventures ChinaChinaBeijing2ParticipantSep 2020
V Fund ManagementChinaBeijing2LeadJul 2021
BOC International ChinaChinaShanghai1ParticipantJul 2021
ProCapitalChinaBeijing1LeadJul 2021
Shenzhen Guozhong Venture Capital ManagementChinaShenzhen1ParticipantNov 2022
Beijing E-town International Investment & DevelopmentChinaBeijing1ParticipantMay 2026
Jiangsu Industrial Investment GroupChinaChina1LeadMay 2026
ZJ Innopark (Zhangjiang Hi-Tech Park)ChinaShanghai1ParticipantNov 2022
GoldStone InvestmentChinaBeijing1ParticipantNov 2022
Shang Qi CapitalChinaChina1LeadNov 2022

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SemiDrive Competitors

SemiDrive competitors include listed companies like WeRide and Silex Microsystem, and private ones like Velaura AI, Applied Intuition, Photonic and Soterea.

Public and private companies comparable to SemiDrive
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Velaura AIUnited StatesSan Jose, CAPrivate--$1B-
Applied IntuitionUnited StatesSan Francisco, CAPrivate$415M-$15B36.1x
WeRideChinaChinaPublicly listed$102M($257M)$1.9B8.3x
PhotonicCanadaVancouverPrivate--$2B-
SotereaChinaTianjinPrivate--$1.4B-
Silex MicrosystemSwedenSwedenPublicly 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Malaysian Pacific Industries$648M$135M3.0x2.9x14.2x13.1x
Txc$419M$109M4.2x3.8x16.0x13.8x
ChipMOS$751M$180M2.5x2.1x10.5x7.6x
Ichor Holdings$948M($7M)2.0x1.6x(252.8x)22.9x
WeRide$102M($257M)11.4x8.3x(4.5x)(5.0x)
Jiangyin Jianghua$184M$37M10.0x8.9x49.8x50.2x
Autowell Technology$954M$93M2.3x2.4x23.5x15.0x
Both Engineering$616M$45M2.6x1.9x36.4x23.0x

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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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