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§ Private Profile · Hangzhou, Zhejiang, China
Autonomous driving technology developer offering L4 intelligent driving systems for logistics, port operations, and public transportation.
Founded in August 2017 by Xiaofei He, FABU develops autonomous driving technology and artificial intelligence chips for advanced driver assistance systems and automated driverless vehicles. Headquartered in Hangzhou with American offices, the company provides comprehensive L4 intelligent driving systems, remote control infrastructure, and scheduling software for port operations, logistics, public transit, and delivery sectors. The enterprise deployed autonomous trucks for commercial package delivery with major customers including China Post and Deppon Express, delivering over 60,000 parcels during testing. Operating with 81 employees and generating over 20 million dollars annually, the venture was recognized as a national Small Giant enterprise after achieving stable commercialization in major ports. To scale its fleet, the firm secured capital from prominent investors such as Sinovation Ventures, Cowin Capital, and DYEE Capital, including a Series B round exceeding 15 million dollars.
FABU.ai has raised $29.7M across 2 funding rounds.
FABU.ai has raised $29.7M in total across 2 funding rounds.
FABU.ai has raised $29.7M across 2 funding rounds. Most recently, it raised $14.3M Series B in December 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 20, 2022 | $14.3M Series B | — | Anhui Province Railway Development Fund, Zhejiang University Education Foundation | Announced |
| Aug 20, 2021 | $15.4M Series B | Dyee Capital | — | Announced |
FABU.ai has raised $29.7M in total across 2 funding rounds.
FABU.ai's investors include Anhui Province Railway Development Fund, Zhejiang University Education Foundation, Dyee Capital.