Manhe Technology (Nanjing) Co., Ltd. (NISAR) China announced the funding of tens of millions of yuan in an angel funding round by Chengwei Capital, China.
An investment worth millions
The funding round will be primarily used to expand the market for toolchain development currently in existence, strengthen its core R&D team in Germany and China, test and validate closed-loop solutions, and make use of industrial resources to advance its R&D shift from tools to functions and from business stacks to operating systems. When it comes to hardware from a top-level design perspective, the company will gradually assist OEMs in realizing the hardware-software separation, starting with functional software, moving on to basic software, and then arriving at hardware.
With funding from Chengwei Capital, NISAR will reevaluate the effectiveness of vehicle intelligence development and deployment and create an ecosystem that is open and beneficial to all parties involved for sophisticated software systems used in the automotive, robotics, agricultural automation, and related industries.
About NISAR (Manhe Technology)
NISAR was founded in China & Germany in 2021 and focused on creating real-time intelligent software solutions driven by automobiles. The team uses AI and network technologies to integrate fragmented business stacks, giving users a highly automated design and deployment experience. The team has strong experience in scientific research and mass production and deep expertise in real-time embedded software engineering, lightweight Internet designs, and vehicle autonomy.
NISAR’s products work with Autosar, ROS, and other architectures at the system level, resulting in an original middleware and operating system methodology.
About Chengwei Capital
One of the first foreign venture capital firms to engage in domestic Chinese enterprises was Chengwei Capital, established in 1999. The nation’s first Evergreen Fund has been created by Chengwei Capital using a distinctive investing strategy that involves choosing and working with fewer but more concentrated companies and identifying and fostering unicorns. The fund has a strong capital base and a perpetual duration.
