ZongMu Technology
Founded Year
2013Stage
Series E | AliveTotal Raised
$367.83MLast Raised
$157M | 3 yrs agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-67 points in the past 30 days
About ZongMu Technology
ZongMu Technology develops an advanced driver assistance system, including 2D and 3D panoramic vision systems, self-parking solutions, and driving recording systems. It was founded in 2013 and is based in Shanghai, China.
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Expert Collections containing ZongMu Technology
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
ZongMu Technology is included in 3 Expert Collections, including Auto Tech.
Auto Tech
2,556 items
Companies working on automotive technology, which includes vehicle connectivity, autonomous driving technology, and electric vehicle technology. This includes EV manufacturers, autonomous driving developers, and companies supporting the rise of the software-defined vehicles.
Unicorns- Billion Dollar Startups
1,258 items
Artificial Intelligence
9,433 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
ZongMu Technology Patents
ZongMu Technology has filed 2 patents.
The 3 most popular patent topics include:
- computer buses
- computer storage media
- electrical signal connectors
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
4/24/2020 | 2/28/2023 | Rotating disc computer storage media, Computer storage media, Storage media, Video game storage media, Search algorithms | Grant |
Application Date | 4/24/2020 |
|---|---|
Grant Date | 2/28/2023 |
Title | |
Related Topics | Rotating disc computer storage media, Computer storage media, Storage media, Video game storage media, Search algorithms |
Status | Grant |
Latest ZongMu Technology News
Nov 27, 2024
(Yicai) Nov. 27 -- A source at Zongmu Technology confirmed to Yicai today that the Chinese autonomous driving startup has adjusted staff salaries while normal payments are expected to resume by year-end after a new round of funding. Contrary to social media reports, the source at the Shanghai-based company said it has not fully suspended staff payments. The reports said the producer of FlashBot, an unmanned vehicle designed for charging electric cars, recently held an all-staff meeting to announce that due to the business’ underperformance salaries would be halted from this month, with only basic living expenses paid. Zongmu is operating normally, the person said, and expects to secure new financing before year-end to meet its significant capital needs resulting from a big recent expansion. Salary payments will be restored to normal once the funding is received, but until then the firm will prioritize the funds it has for production and the delivery of strategic projects, the source added. Founded in 2013, Zongmu has completed 10 rounds of financing so far, including investments from the Yangtze River Xiaomi Industry Fund, backed by Xiaomi Chief Executive Lei Jun. Over the past three years, Zongmu has lost nearly CNY1.6 billion (USD220.6 million). Zongmu has suspended performance and year-end bonuses since 2023 as a result of the challenging industry environment and missed business targets, the insider said. Funding for self-driving tech firms has dwindled in the last two years, following relatively abundant years in 2020 and 2021, Paul Gong, head of auto research at UBS Group in China, told Yicai. Despite this, there has been no technological backsliding in terms of development or widespread adoption, he pointed out. Zongmu is not the only company in the industry facing challenges. On Nov. 22, Great Wall Motor-backed Haomo.AI confirmed job losses, describing them as “normal organizational structure adjustments.” Editor: Emmi Laine
ZongMu Technology Frequently Asked Questions (FAQ)
When was ZongMu Technology founded?
ZongMu Technology was founded in 2013.
Where is ZongMu Technology's headquarters?
ZongMu Technology's headquarters is located at 7-9F, Building 3, Tengfei Science and Technology Building, Shanghai.
What is ZongMu Technology's latest funding round?
ZongMu Technology's latest funding round is Series E.
How much did ZongMu Technology raise?
ZongMu Technology raised a total of $367.83M.
Who are the investors of ZongMu Technology?
Investors of ZongMu Technology include Huzhou Huantaihu Group, Cantor Jungle, COSCO Shipping Lines, Dongyang State-Owned Assets Investment, Sunic Capital and 23 more.
Who are ZongMu Technology's competitors?
Competitors of ZongMu Technology include DeepRoute.ai and 2 more.
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Compare ZongMu Technology to Competitors
Waymo operates as a technology company that focuses on autonomous driving in the transportation industry. The company offers a ride-hailing service that uses self-driving cars. Its primary customers are individuals in urban areas who require transportation services. It was founded in 2009 and is based in Mountain View, California.
UISEE Technology specializes in artificial intelligence and autonomous driving within the transportation and logistics sectors. The company offers a range of autonomous vehicles, including unmanned logistics vehicles, autonomous buses, and light trucks, as well as AI-driven services for passenger cars such as RoboTaxi and U-Pilot. UISEE Technology's solutions cater to various industries requiring smart logistics and transportation services, such as the automotive and chemical sectors and airport autonomous driving systems. It was founded in 2016 and is based in Beijing, China.
Yihang AI specializes in the mass production of autonomous driving technology within the automotive industry. The company offers a range of solutions including advanced driver-assistance systems (ADAS), navigation-on-autopilot (NOA), full self-driving (FSD) capabilities, and parking automation technologies. Yihang AI's products are designed to enhance vehicle safety and driving experience by automating various driving functions. It was founded in 2015 and is based in Beijing, China.
DeepRoute.ai is an artificial intelligence company focused on the development and application of autonomous driving technology within the transportation sector. The company offers a level 4 autonomous driving system, including services for robotaxis and medium-duty trucks, and is involved in the commercialization of these technologies. DeepRoute.ai serves sectors that require mobility solutions, such as urban transportation and logistics. It was founded in 2019 and is based in Shenzhen, China.
Cowarobot focuses on the research and development of autonomous driving technology in complex urban scenarios and the application of intelligent networked urban services. The company's main technology includes a perception and recognition algorithm high-precision map, and an intelligent network connection. The company's technology services in fields include municipal sanitation and city distribution logistics. The company was founded in 2015 and is based in Wuhu, China.
AutoX offers software solutions for self-driving vehicles. The company provides a camera-first self-driving solution, autonomous driving technology-based self-driving vehicles, and more. It was founded in 2016 and is based in San Jose, California.
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