AI automotive startup EXTURING raises nearly 100 million yuan in Pre-B round
Chinese AI-native automotive company EXTURING (Yitu Technology) announced on September 21 the completion of a nearly 100 million yuan (approximately $14 million) Pre-B funding round. The round was co-led by Shanghai Semiconductor Equipment and Materials Industry Investment Fund and Sands Talk Capital, with participation from Shenzhen Jiupai Capital, Jiangsu Jinqiao Private Fund, and existing investor Hefei Baohe District Science and Technology Innovation Fund. Funds will accelerate AICAR deployment, next-generation on-device model integration, global expansion, and R&D talent recruitment.
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Chinese AI Automotive Startup Yitu Technology Raises Nearly 100 Million Yuan in Pre-B Round
Yitu Technology (EXTURING), a Chinese AI-native automotive intelligence company founded in 2023, announced the completion of a nearly 100 million yuan Pre-B funding round. The round was co-led by Shanghai Semiconductor Equipment and Materials Industry Investment Fund and Sands Talk Capital, with participation from Shenzhen Jiupai Capital, Jiangsu Jinqiao Private Equity Fund, and continued investment from existing shareholder Baohu Science and Technology Innovation Fund. The company plans to use the funds to accelerate the large-scale deployment of its AICAR product, advance the next-generation AICAR integrated with its proprietary on-device models, expand its multi-terminal strategy and global market presence, and strengthen its R&D and delivery systems across multiple locations as well as high-end talent recruitment. Since early 2026, Yitu has completed three funding rounds: a Series A in January led by Volcano Engine and Ruicheng Fund, a Series A+ in April led by Yunqi Partners, and this Pre-B round in August.
Read sourceAI Native Automotive Firm Yitu Tech Raises Nearly 100 Million Yuan in Pre-B Round
Yitu Technology (EXTURING), founded in 2023, announced on September 21 the completion of a Pre-B funding round of nearly 100 million yuan. The round was co-led by Shanghai Semiconductor and Sands Talk Capital, with participation from Jiupai Capital, Jiangsu Jinqiao, and existing investor Baohe Kechuang. The funds will accelerate the mass adoption of AICAR, advance next-generation AICAR integrating proprietary on-device models, expand multi-terminal strategy and global markets, and strengthen R&D delivery systems and talent. In 2024, Yitu delivered the industry's first in-vehicle AI agent platform. In 2025, its core product Xinjie AI full-stack system launched. At the 2026 Beijing Auto Show, Xinjie AI 2.0 and a global cockpit solution were unveiled. Recently, Yitu AICAR went online. The company has served over 70% of China's top automakers and mainstream joint-venture brands, with millions of units delivered. Investors praised Yitu's dual expertise in AI and automotive, its full-stack technical matrix covering on-device reasoning models, travel agent clusters, generative AI interaction, and AIOS framework, and its mass-production delivery capability. Sands Talk Capital highlighted the team's global readiness, while Jiupai Capital noted the industry shift from feature phones to smartphones in automotive. Jiangsu Jinqiao emphasized the team's nearly 20 years of experience at top-tier suppliers and new energy vehicle makers.
Chinese AI Startup Yitu Technology Raises Nearly 100 Million Yuan in Pre-B Round
Yitu Technology (EXTURING), a Chinese company specializing in AI-powered automotive solutions, announced on September 21 that it has completed a Pre-B funding round of nearly 100 million yuan (approximately $14 million). The round was co-led by the Shanghai Semiconductor Equipment Materials Industry Investment Fund and Sands Talk Capital, with participation from Shenzhen Jiupai Capital Management Co., Ltd. and Jiangsu Jinqiao Private Equity Fund Management Co., Ltd. Existing investor Hefei Baohe District Science and Technology Innovation Fund also increased its stake. The company stated that the funds will be used to accelerate the large-scale deployment of its AICAR product, advance the development of next-generation AICAR that deeply integrates self-developed on-device AI models, expand its multi-terminal strategy and global market presence, and strengthen its R&D and delivery systems across multiple locations as well as its high-end talent pipeline.
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Chinese AI Firm EXTURING Raises Nearly 100 Million Yuan in Pre-B Funding Round
Chinese artificial intelligence company EXTURING (Yitu Technology) announced on September 21 that it has completed a Pre-B funding round of nearly 100 million yuan (approximately $14 million). The round was co-led by Shanghai Semiconductor Equipment & Materials Industry Investment Fund and Sands Talk Capital, with participation from Shenzhen Jiupai Capital Management and Jiangsu Jinqiao Private Equity Fund Management. Existing investor Hefei Baohe District Science and Technology Innovation Fund also increased its stake. The company stated that the funds will be used to accelerate the large-scale deployment of its AICAR product, advance the development of a next-generation AICAR that deeply integrates self-developed edge-side AI models, expand its multi-terminal strategy and global market presence, and strengthen its R&D and delivery systems across multiple locations as well as its high-end talent pipeline.
Read sourceYitu Technology Completes Nearly 100 Million Yuan Pre-B Funding Round
Yitu Technology (EXTURING) announced on September 21 the completion of a Pre-B funding round totaling nearly 100 million yuan (approximately $14 million). The round was co-led by the Shanghai Semiconductor Equipment and Materials Industry Investment Fund and Sands Talk Capital, with participation from Shenzhen Jiupai Capital Management Co., Ltd. and Jiangsu Jinqiao Private Fund Management Co., Ltd. Existing shareholder Hefei Baohe District Science and Technology Innovation Fund also increased its investment. The company stated that the funds will be used to accelerate the large-scale deployment of its AICAR product, advance the development of a next-generation AICAR deeply integrated with its proprietary on-device models, support multi-terminal strategic expansion and global market entry, and strengthen its R&D and delivery systems across multiple locations as well as high-end talent recruitment.
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